Uncategorized Archives - Page 15 of 57 - Raiz Invest

26 October, 2022

houses

The Home Guarantee scheme

The Home Guarantee scheme (5% deposit scheme) will continue with 10,000 spots in the program each year to 30 June 2026. Buyers only need a minimum 5 per cent deposit and they will not need to pay lenders mortgage insurance (LMI) on a 95 per cent home loan. The program will be open to First Home Buyers who are Australian citizens, who are at least 18 years of age. Permanent residents are not eligible. Single applicants with a taxable income of up to $125,000 per annum for the previous financial year and couples with a taxable income of up to $200,000 per annum for the previous financial year, as shown on the Notice of Assessment (NOA) issued by the Australian Taxation Office for the previous financial year. Participants must live in the property for at least the first 12 months. It is not open to investment properties. Couples are only eligible for the First Home Guarantee if they are married or in a de-facto relationship. Other individuals buying together, including siblings, parent/child or friends, are not eligible for the First Home Guarantee.

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12 September, 2022

12-09-2022

George Lucas, Raiz Group CEO

It was a positive week in US markets, with all sectors on the S&P 500 finishing up Friday as the market shook off weeks of declines. At home, the ASX 200 was also up for the week.

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