Phoebe Blamey

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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.

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Australian Finance Podcast · First home buyer incentives in 2022 · 18 Apr 2022 podcast

every second weekend kind of thing.

Yep.

That's possible.

And, yeah, you have to be earning less than $125,000 and they don't include the child support payments, which is good because the lenders will include the child support payments as income as long as they're collected through the CSA.

So that boosts a lot of people's income, which means that they can afford to get into a home.

Is covered by your loan.

Okay.

So you borrow that amount.

You completely dodge the lender's mortgage insurance.

Right.

And also you don't need a large deposit to get into a home.

So you're not saving and saving and saving and thinking that this is something.

I was a single parent and this would have been something that was completely out of my reach to buy a home if I didn't have parental help.

I did not know this exists.

So good, isn't it?

Yeah, there is.

And the limits are different for different states and also different for if you're buying in regional metropolitan areas.

Okay.

And the place to find out what your limits are is the website –

that is called, if you Google first-time buyers, if you Google the scheme, it comes up.

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