The Australian Government has set up certain Schemes and Grants that would help first-time home buyers to achieve their dreams faster. Government first home buyer schemes can be categorized based on whether the buyers will be eligible for Nationwide schemes or State-Specific Grants. Let’s get into the difference and inclusions between the two! 1. National Schemes a. Home Guarantee Scheme It is a government initiative to help Australians achieve home ownership by removing the requirement of paying Lenders Mortgage Insurance (LMI). The scheme now includes two guarantees. First Home Guarantee…
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