The Real Estate Podcast | First Home Buyers - First Home Guarantee Scheme

First Home Buyers - First Home Guarantee Scheme With the median house price in Sydney now at a staggering $1.7 million and the median unit price $868,000 one of the biggest challenges for First Home Buyers is saving for a deposit. The Federal Government recently brought forward the rollout of the expansion of the First Home Guarantee Scheme to October 1st, with the main changes being lowering barriers to entry through increasing price caps - in Sydney, the cap will reach $1.5 million, in Melbourne $950,000 and in Brisbane $1 million, the removal of income thresholds and unlimited places. Treasury expects around 20,000 extra buyers to benefit in the first year alone, saving not only on up-front costs but also on years and years of rent. In this episode of the Real Estate Podcast Anthony Landahl, Managing Director and Mortgage Broker, Equilibria Finance explains - What the First Home Guarantee scheme will look like on 1st October. - The historic take up and effectiveness of the First Home Guarantee scheme. - How it ties in with other Government Schemes. - Impact on the housing market.