The Mortgage Man - A podcast for everyone with or wanting a mortgage

#30 - Big Changes For The 1st Home Buyer Grant; What Were They?


Listen Later

The home start grant is free money given by the government, this was in the past quite hard to meet the eligibility criteria as there were very low price caps you had to buy the property for, and you had to earn under a certain amount to be able to get the free money. (up to $20k per couple)


Yes, free money!!

But now those criteria have changed to be a bit more realistic.

For example;
Income requirements

In the 12 months before you apply, you must have earned:

  • $95,000 or less before tax for an individual buyer (up $10k)
  • $150,000 or less before tax for an individual buyer with one or more dependents
  • $150,000 or less before tax for 2 or more buyers, regardless of the number of dependants (up $15k)
  • Price House Cap Changes (you need to buy a property under this price to get the free $$$)


    This is specific for each region so listen up to this podcast to understand what they are and what they mean for you.

    If you now have a 10% and think it's time to check if you can get pre-approval with us then fill this in and we will call you back if we think we can help.

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Mortgage Man - A podcast for everyone with or wanting a mortgageBy Aaron Cattell


    More shows like The Mortgage Man - A podcast for everyone with or wanting a mortgage

    View all
    The Property Academy Podcast by Opes Partners

    The Property Academy Podcast

    31 Listeners

    Shared Lunch by Sharesies

    Shared Lunch

    15 Listeners

    The Curve by The Curve Platform

    The Curve

    14 Listeners

    The Mel Robbins Podcast by Mel Robbins

    The Mel Robbins Podcast

    19,745 Listeners

    Get Rich Slow Club by Ana Kresina & Natasha Etschmann

    Get Rich Slow Club

    9 Listeners