Engage Finance

Engage Finance updated their phone number.

These new changes may improve the position for first home buyers, meaning the upfront cost associated with stamp duty can be reduced to an annual property tax instead.

From 16 January 2023, first home buyers can choose to pay an annual property tax instead of stamp duty when buying a property up to $1.5 million 🏠 A buyer that opts in pays the annual property tax of $400 plus 0.3% of the land value. More info: bit.ly/FirstHomeBuyerChoiceNSW

Exciting news!

The Australian Government is developing a new guarantee aiming to support divorced or separated parents with dependent children by enabling them to purchase a home sooner with a deposit of as little as 2 per cent.

The government will guarantee up to a maximum of 18 % of the property purchase price, allowing the applicant to get a loan without paying lenders mortgage insurance.

Read more here:
https://www.theadviser.com.au/breaking-news/41550-government-announces-new-home-ownership-scheme

Government announces new home ownership scheme Three measures targeting home ownership, including a new Family Home Guarantee, will form part of the federal government’s upcoming budget.