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Filed to:budget 2021
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Just the thought of buying a home seems ridiculous in this economy. House prices have spiked significantly following COVID-19, lots of people have lost their jobs and we all like our avocado toast.
But a couple of things from the 2021 federal budget today might actually make buying a home a little bit easier. Let’s break them down and see how you can best make use of the government’s offerings.
First Home Loan Deposit Scheme
The federal government announced 10,000 extra places for the First Home Loan Deposit Scheme (FHLDS) in the 2021-2022 financial year, for new homes. This covers those planning to buy a newly constructed home, property off the plan, house and land package or land and separate building contract.