July,
2021
At its
meeting today, the Board decided to
leave the cash rate on hold at 0.10%
The Governor of the RBA,
Philip Lowe’s, statement is available in full CLICK HERE
Australian Government announces 30,000 more Scheme places
to support Australians buying a home
From 1st July, 30,000 new places
are available under the Australian Government’s First Home Loan Deposit Scheme,
the New Home Guarantee, and the Family Home Guarantee.
The Family Home Guarantee was announced in the
2021-2022 Federal Budget to support eligible single parents with at least one
dependent child. 10,000 Family Home Guarantees will be made available over four
financial years from 1 July 2021 to buy a new or existing home with a deposit
of as little as 2 per cent.
The New Home Guarantee, announced in October
2020, is specifically for eligible first home buyers building or buying a new
home with a deposit of as little as 5 per cent. It has been extended under the
2021-2022 Federal Budget with 10,000 new places available from 1 July 2021 to
30 June 2022.
10,000 additional places have also been
released under the First Home Loan Deposit Scheme for the 2021-2022 financial
year.
For more information about the Government
Schemes, price caps, eligibility requirements, please email me!
Until next time, please stay
safe and well, and reach out if you require any assistance.