🏠💥 Secret weapon for first-home buyers: use your super to save your deposit faster (legally).
It’s the FHSS Scheme and here’s how it works:

1. Salary-sacrifice extra into super → taxed at 15% (often much lower than your normal tax).
2. You can contribute up to $15k/yr (lifetime $50k cap).
3. When you’re ready, withdraw your eligible contributions (generally 85% of concessional + 100% of non-concessional) + earnings for your deposit.

Why it’s good: people save deposits ~30% faster.

Need-to-knows:
• Must be 18+ and intend to live in the home 6 of 12 months.
• One-time use. Sign a contract within 12 months of release.
• Pairs perfectly with the 5% deposit / no LMI guarantee (from 1 Oct).

Drop “FHSS” for our quick explainer + checklist.

#FirstHomeBuyer #FHSS #SydneyProperty #NorthernBeaches #RealEstateTips