<
https://www.theguardian.com/australia-news/2023/apr/30/couples-to-include-siblings-and-friends-under-expansion-of-australias-first-home-guarantee>
"Friends and family members looking to buy their first home together will be
among many more Australians set to benefit from an expansion of three
government housing schemes.
The first home guarantee and its regional and family home equivalents will have
their criteria expanded from 1 July, to help more Australians achieve home
ownership.
The changes include altering the definition of a “couple” from meaning married
or de facto relationships to “any two eligible individuals”.
This opens up the criteria to include siblings, a parent and child, or two
friends.
People who have previously owned a home will also be eligible, on the provision
they haven’t owned one in the last 10 years, in an attempt to help those who
might have fallen into financial hardship.
Under the schemes, the federal government acts as guarantor which allows people
to buy a house with a deposit as low as 5%, and avoid paying costly lender’s
mortgage insurance.
Australian permanent residents will also be eligible for the schemes, rather
than just citizens."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
