Council Savings: Rebates and reductions!
Some handy hits and tips on ways to save…
First Home Buyer Scheme Delivering Results
The federal government's Home Guarantee Scheme (HGS) is helping first home buyers on modest incomes enter the market with small deposits, according to research commissioned by the National Housing Finance and Investment Corporation.
Some of the key findings highlighted from the research:
The average annual income of individual HGS participants was $108,000 compared with $117,000 for the broader first home buyer market
The average deposit paid by first home buyers since 2020 increased by 3.4% (from $35,200 to $36,400) for HGS participants but 46.7% ($108,400 to $159,000) for the broader first home buyer market
The average loan amount since 2020 increased by 4.7% compared with 13.4% for the broader first home buyer market
The research also found that the average HGS property has enjoyed an equity gain of $82,000.
Under the HGS, first home buyers can enter the market with just a 5% deposit – but conditions apply.
Are you interested? Get in touch with one of our mortgage experts and we can confirm whether you’re eligible, and if you are, help you apply for a loan.
It’s a promising time for first home buyers, get in touch if your need guidance!
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Our Belinda Gibson, shines again on the Elite Women list, 2023!
Thursday, Mortgage Professional Australia revealed the Elite Women’s list, the standout female leaders in the Australian mortgage industry for 2023. TM Finance Group is super proud to announce that company Director, Belinda Gibson has earned this title for yet another year, along with the previously announced ‘Elite Broker’ title announced earlier this week.
