In the May newsletter, we started looking at the options available for would be first home buyers trying get into the market in the face of rising property prices and generally without a large deposit.
I outlined 4 solutions:
1. Borrow up to 95% of the purchase price (if you can get one)
2. A gift of money [...]

It has never been harder for first home buyers to get into the market. Australian property prices are at record highs and each week they go up further.
With property prices having gone up by between 20% in the last 12 months even the most diligent savings efforts by 2 young professionals (each on 6 [...]

A comprehensive table showing the First Home Owners grants you may be able to claim depending on the date of the contract of sale is set out below.

The federal government on Tuesday announced an extension to the existing First Home Owners Grant programs which were due to expire on June 30th.
The Boost program, announced in the first Rudd Government stimulus package last year, will be extended for six months, three months at the full rate of $7000 for existing homes and $14,000 [...]

Interest rates might be down and the government might be giving first home buyers up to an extra $19,000 but getting finance for your first home has got far tougher in 2009.

Starting the New Year in a new home has become a happy reality for many Australians as the level of first Home Buyer activity in the market increased significantlythrough Nov and Dec.  And the level of inquiries and purchases have continued through summer.  This is largely thanks to the Federal Government’s First Home Buyer Boost. 
Effective [...]

 
There is no trick to buying property if you are not fussy and do not care what price you pay.  But few, if any of us, are in that boat and finding the right property and buying it at a good price is a little more difficult.
Below are 8 golden tips to give you confidence [...]

While the global markets may be in melt down, now may be the best time in years for first home buyers to get into the market.  How can I suggest such a thing with all the doom and gloom going on?
3 simple reasons:
1. First Home Buyers are getting more government support than ever before with [...]

The table below shows the money available from the Federal and Victorian Governments for first home owners from Oct 14th,2008 until June 30th, 2009:

Contract Date

Conditions

First Home Owner Grant

New First Home Owner Boost

First Home Bonus #

First Home Owner
Regional Bonus #

Total Grant Avail

From 14 October 2008 to 30 June 2009
# Additional [...]

Back on September 15th, I wrote in my Blog about the new First Home Saver Accounts that were being released as part of the Government’s attempts to help first home buyers save and get into the property market.
I noted that whilst details of accounts were not yet available, the government’s rules around the setup and [...]