The Federal Government has released the 2022 Budget, check out what’s in store for the property market below?

Regional Home Guarantee

Geared towards regional buyers, the Regional Home Guarantee supports eligible borrowers in regional areas who are first-home buyers or who have not owned a home for 5 years to purchase or build a new home with a deposit of 5%, while the government guarantee 15% of the property purchase price.

There’s 10,000 spots per year available until 30 June 2025. The Federal Budget 2022-23: What’s in store for the property market?

First Home Guarantee

This scheme will assist 35,000 first-home buyers purchase a new or existing home with a deposit as low as 5% from July 1st.

First Home Buyers Super Saver

The First Home Super Saver Scheme (FHSS) helps Australians boost their savings for a first home by allowing them to build a deposit using their superannuation, also providing a tax cut.