RBA LEAVES RATES ON HOLD – CALLING ALL FIRST HOME BUYERS
September 2020
At its meeting today, the Board decided to
LEAVE THE CASH RATE ON HOLD AT 0.25%
The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE
Calling all First Home Buyers!!!
Did you know that the federal government has rolled out their First Home Loan Deposit Scheme?
Basically, the government is insuring the loan – saving you on the mortgage insurance….and a minimum deposit only needs to be 5% of the purchase price.
If you are single you can earn up to $125,000 each year, and for couples the amount is $200,000 combined annual income.
If you are looking at purchasing in NSW (capital cities and regional centres) the maximum purchase price is $700,000
There are not many of the original 10,000 places left, however there will be a new release of 10,000 places on the 1st July 2021.
To find out more, follow the link below.
https://www.nhfic.gov.au/media/1309/fhlds-fact-sheet-july-2020-final.pdf
If you know a First Home Buyer, feel free to share this email with them!
Until next time, please stay safe and well, and reach out if you have any questions regarding your mortgage.
