Phoebe Blamey
speaker
357 appearances
1 recordings
1 series
first heard Apr 2022
last heard Apr 2022
Phoebe Blamey’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Yes, so the Victorian Home Buyers Fund, we haven't actually written any loans for that at all.
It's through Bank Australia and Bendigo Bank, I'm pretty sure.
How that works is they will give you the cash toward the property so you don't pay, you can get into a house that is more expensive than what you could afford normally with a mortgage.
Okay.
So if your normal affordability was $700,000, they give you 20% plus costs, you're getting into an $800,000, $900,000 house.
And what will happen is they'll give you the funds to complete the purchase, so the 20% plus costs, as cash and invest it pretty much in your property.
As your property increases in value, when you want to refinance or sell that property, they'll take what they've given you plus the percentage that it's increased.
So if they gave you $100,000 and it's increased by 25%, then they'll take $125,000 back.
It's like an investment for them.
Exactly.
And you don't keep your deposit.
And it's been an interesting thing in the UK where you've had declining property values.
And these schemes existed in the UK.
They're pretty much for selling people out of their houses.
There was an article in the Financial Review about six weeks ago forcing people out of their houses for using these kind of schemes.
I'm not saying that the Victorian government will do that.
Yeah.
What about the super saver scheme?
So we've had a few clients that have used the super saver scheme and I like the super saver scheme personally.
And I know you two won't because it's touching super and we want extra money in super, but it is quite a tax effective way to take money out.
Showing 201–220 of 357 · page 11 of 18
← Previous
Next →