First home buyer incentives in 2022
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What are the first home buyer incentives available in 2022?
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. Kate, welcome to this episode of the Australian Finance Podcast.
It is wonderful to be back, Owen, to another in-person episode.
It is indeed. We've got Phoebe with us. Phoebe from Clover Financial Solutions. How are you going?
I'm going really well. Thank you so much for having me on. I am just so honoured to be here. Thanks for making the trek to our office. Absolute pleasure.
Yeah, you've just come in from Hawthorne, which is inner eastern suburbs, right?
Yes.
Yeah, so it's not too far.
Not too far at all.
Yeah. Today we're going to be talking property and specifically like first home buys. I made a joke before that now that I've got a house, I'm not as worried about the rules. But now when we've prepared for this show, I was looking at all the things we've got to cover and I'm like, thanks. the heavens that we've got someone coming in who knows all this stuff. Because even just in the last 18 months since I bought a house, things have changed.
Yeah, things are changing all the time. And there's some really absolutely sensational grants out there and other incentives to buy a house. So there's lots of incentives to buy a house out there at the moment. And it's been a really good 12 months or 24 months to be a first home buyer.
Yeah, because we always get scared off with the big headlines of house prices going up. And that obviously favors people that already have homes, right, and investors. Yes. But it seems more and more out of touch. I can't remember which Instagram personality this was, Kate, you might remember. Basically said that house prices in their area went up $1,100, I think it was a day or a week equivalent in one 12-month period. Wow. And they're like, how are we supposed to save for this house?
Exactly. And fortunately, all these incentives mean that you don't really have to save for the house if you can afford to buy it. So if you can afford the loan, you're halfway there.
Just before we get into some of those, tell us a little bit about your business. What do you do?
All right. So I'm a mortgage broker. I've been a mortgage broker for 15 years at my own business, Clover Financial. I've got about six staff, including my daughter, who's also a mortgage broker. And we've got a first home buyers club. We've got another couple of investing type of things to do.
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