We all know there’s no such thing as money for nothing, so what is the true cost of first home buyer incentives?

In this episode we’re going to talk about free money - the type first home buyers get from governments - deposit schemes, stamp duty concessions, cash incentives as well as discounts from developers - all the things that are apparently designed to help first home buyers get on the property ladder.  But are they really there to help you?

Tune in to the episode and we’ll see you on the inside!

 

Episode Highlights:

1. Looking into federal government incentives [02:49]
1. First Home Owner Grant (FHOG) [02:54]
2. The BuildBonus Grant [06:42]
3. Deposit Guarantee scheme [08:11]
2. What are some State-based incentives? [12:35]
1. The role of stamp duty concessions [12:40]
2. Why incentives skew towards brand new and offline properties [14:05]
3. Budget limits create artificial price barriers [20:16]
3. Savings accelerator: The first home super saver scheme [23:47] 
4. Interesting things about federal and state incentives [26:41] 
5. How do cashback incentives work? [29:13]
6. Understanding the real incentive of government grants [33:46]

 

Link/s from the show:

• M2 L2 Grants & Incentives - PDF (https://drive.google.com/file/d/1-96e6uDeIbKkGLOLTGkXpgl2m1sAGy6j/view) 

• Our blog on grants & incentives (https://homebuyeracademy.com.au/PREPARATION/grants-incentives)

 

Connect With Us:

• Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)

 

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