Buying your first home in Australia has never sounded easier.2% deposits.5% guarantees.Government “help”.But once you move past the headlines, the reality looks very different.In this episode of Property Now, we break down Australia’s first home buyer schemes and explain what actually happens when real people try to use them. No hype. No politics. Just how the numbers, rules, and long-term consequences really work.We cover:• Why many buyers technically qualify but still can’t buy anything sensible• The fine print most social media clips skip• Where schemes restrict renting, refinancing, and future flexibility• When shared equity can help and when it quietly holds people back• The difference between getting into a home and building long-term wealth• Who these schemes are actually designed for — and who should avoid themThis conversation isn’t anti-home ownership and it isn’t anti-government support. It’s about making the right decision for your situation, not the one that sounds easiest in a headline.If you’re early in your property journey and feeling overwhelmed by conflicting advice, this episode gives you the clarity most people only get after making a costly mistake.Watch before you decide how to buy.🔔 Don’t forget to subscribe to our channel for more discussions on property trends, financial strategies, and insights into the Australian property market. Hit the notification bell to stay updated with our latest episodes!🌟 If you have a question for the team, a PropTok you would like to send us or are interested in coming on the show, head over to our website to get in touch! https://www.coposit.com.au/resources/property-now📢 Found this video valuable? Give it a thumbs up and share it with friends, family, or anyone interested in saving money and getting ahead in the property market.🏠 This podcast is brought to you by Coposit, where $10k means you can buy a brand-new home. To learn more about how it works and browse properties, visit: www.coposit.com.au00:00:00 - Introduction00:00:18 - Understanding the Grants00:00:34 - First Home Guarantee and First Home Buyer's Grant00:00:50 - Shared Equity Scheme00:01:09 - Purpose of Shared Equity Scheme00:01:49 - Expansion of Shared Equity Scheme00:02:51 - Issues with Shared Equity Scheme00:05:35 - Government's Share in the Property00:06:47 - Refinancing the Government's Share00:07:59 - Potential Benefits of the Scheme00:08:24 - Drawbacks of the Scheme00:10:19 - Personal Experience with Government Schemes00:12:25 - Government's Invasive Checks00:15:31 - Potential Drawbacks of Government's Share in Property00:17:37 - Government's Influence on Property Market00:19:05 - Access to Property and Income Caps00:25:04 - Understanding Lenders and Access to Loans00:28:05 - Learning from Mistakes in Property Investment00:28:25 - Opinions on Government Schemes00:28:45 - Renting vs Buying Debate00:31:37 - Effects of Job Distribution on Property Market00:33:11 - Impact of Government Policies on Housing Supply00:34:15 - Housing Supply Issue00:34:39 - Comparison Between Renting and Buying00:39:40 - Government Policies Impacting Housing Demand00:41:18 - Challenges of Saving for a Deposit00:44:31 - Emotional Factors in Buying a Property00:45:35 - Personal Story of Buying a House00:46:37 - Discussion on Home Ownership as a Right00:48:28 - Discussion on Government Intervention and Restrictions00:50:52 - Discussion on Housing Shortage and Supply00:52:33 - Suggestion for Fast Tracking Approvals