The end of the financial year (EOFY) is upon us again! Some lenders have increased the discretionary discounts for first home buyers, especially those looking to take advantage of the Federal Government’s HGS (FHBG) Scheme. Furthermore, lenders on the FHBA…
As part of Queensland’s 2024-25 State Budget, the Steven Miles Labor Government has announced that it will reduce the stamp duty for first home buyers in Queensland. Along with this they will maintain the $30,000 First Home Owners Grant (FHOG)…
In May 2024, Western Australian Premier Roger Cook & Treasurer Rita Saffioti delivered their first state budget. With it, they have some delivered some much-needed good news for Western Australian first home buyers. The 2024-25 Budget delivers $1.1 billion for…
In the 2024/25 Budget released on the 14th of May 2024, the Albanese Government has announced a raft of measures for the housing sector. However, first home buyers are a group that have been left out to a certain extent.…
The First Home Buyer Guarantee (FHBG) scheme is part of the Home Guarantee Scheme (HGS), which is an Australian Government initiative designed to support eligible first home buyers in purchasing a home sooner and helps reduce the costs in buying your first home.…
On Tuesday, the 07th of May 2024, the Reserve Bank of Australia (RBA) decided to maintain the interest rates at 4.35%, marking the fourth consecutive month where the rate has remained unchanged. Recent data available to the RBA indicates that…
How long do I need to be employed in a casual role for my income to be considered for my first home loan? At FHBA, we get asked this question a lot. A lot of aspiring first home buyers are…
On Tuesday the 19th of March, the Reserve Bank of Australia (RBA) decided to maintain the interest rates at 4.35%, marking the third consecutive month where the rate has remained unchanged. Many experts are predicting that we have already hit…
The Federal Labor Government’s Help to Buy scheme, set to launch this year, has been touted as a game-changer for aspiring first home buyers, with the Government proposing to provide an equity contribution of up to 40% of the purchase…
The First Home Guarantee (FHBG) is part of the Federal Government’s Home Guarantee Scheme (HGS), assisting aspiring first home buyers get into the market sooner with the minimum deposit of just 5% in every capital city (as well as major…