At Mortgage Choice in Kingsley we like to keep you informed, and we like to make that information as easy as possible for you to understand and access. With that in mind, we have created Tim Kerin on the Couch.
The recently released Federal Budget introduced the First Home Super Saver Scheme, which sounds like it could be a really helpful step forward for First Home Buyers.
The Scheme will allow individuals to put up to $15,000 per year (up to a maximum of $30,000) into their superannuation, which means they get a tax deduction on any money they save this way.
These funds can later be withdrawn for a first home deposit, including any earnings the deposit made. If a couple is purchasing together, this means that they will be able to contribute $30,000 in total per year through the Scheme.
We think this can make a real difference to first home owners who may otherwise struggle to put together a deposit, and in the above video.
To talk to one of our expert brokers about buying your first home, call Mortgage Choice in Kingsley on 9309 4780.
Here are some of our other blogs that you may be interested in checking out:
- I have 10% deposit - that's enough, right?
- Home Buyers Assistance Account (HBAA) (REBA Grant)
- What is a Guarantor?
- What is Lenders Mortgage Insurance (LMI)?
Need to catch up on the other Episodes of Tim Kerin on the Couch?