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May 29, 2017

Budget boosts savings for first homebuyers

It’s not all bad news for first homebuyers… On the 9th of May the Australian Government handed down the 2017/18 budget. It brought some big changes which affect first homebuyers. Most first homebuyers are familiar with the First Home Owners’ Grant, a one-off payment of $15,000 when purchasing a new home. However, after the end of June 2017, the grant drops to $10,000. While this might sound like a blow to all the first homebuyers struggling to break into the market, it’s not all bad news. While the First Home Owners’ Grant will be lower than previously, the government has …

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