Ep. 141 | Get into a new home from $330K - Here's how

Getting into a new home from around $330K might sound impossible - but for eligible buyers, the Government’s Help to Buy scheme is making it a reality. With as little as a 2% deposit and the Government contributing up to 40%, we break down how it works, what’s changed, and why more buyers should be taking a serious look at this opportunity. Liking the show? Please leave us a 5 star rating on your podcast platform and share the show with others - thank you. Please consider subscribing too. Got a question, topic idea or feedback? Head to our website and leave your comments there ➡️ homebuildinghub.com.au or send an email to hello@homebuildinghub.com.au Other places to watch or listen... and catch up on more content: Facebook:   / homebuildinghub   Instagram:   / homebuildinghub   LinkedIn:   / home-building-hub   TikTok: https://www.tiktok.com/@homebuildingh... Spotify: https://open.spotify.com/episode/1lLo... Apple Podcast: https://podcasts.apple.com/us/podcast... Topic timestamps 04:06 Why we’re revisiting Help to Buy 05:29 What and how the Help to Buy scheme works 11:37 $600K home example: deposit, Government share and mortgage 13:58 Why you may need more than a 2% deposit 17:30 Changes to income limits and capacity 18:49 Changes Property price caps in Victoria 26:03 Understanding the Government’s 40% share 30:58 Interest rates and smaller mortgage repayments 34:26 Land discounts and market opportunities 35:41 How to apply: eligibility and finance approval 37:47 Fixed-price contracts and turnkey inclusions 38:47 Finance first: avoid paying deposits before approval