Breaking Down the First Home Guarantee Scheme

Are you holding off on buying your first home because you think you need a 20% deposit? In this enlightening episode, Nicola and John Kefalianos bust that myth and reveal how you could get into the property market with as little as a 5% deposit—thanks to the First Home Buyers Guarantee Scheme and other government incentives.

They break down the varying property purchase thresholds across Australia, discuss the implications of stamp duty, and provide real-life examples to illustrate how close you might be to owning your first home. Nicola shares her personal savings journey, revealing how she is just a step away from her goal.

Ready to take your first step toward owning a home? Tune in now and discover how acting sooner could save you money and help you get ahead in the property market.

Chat with John about how much you can borrow: 
johnk@financelab.com.au

Finance Lab: 
https://www.financelab.com.au/

Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.