The Australian Government has implemented a time-limited grant (HomeBuilder) ,which, will distribute $25,000 tax free to eligible owner-occupiers to build a new home or substantially renovate an existing home.
Finance News
The National Housing Finance and Investment Corporation, which is the government body administrating the scheme guarantees to participating lenders up to 15% of the value of properties purchased through finance by an eligible first home buyer’s home loan. This guarantee allows first home buyers to purchase a property with as little as a 5% deposit without having to pay for lenders mortgage insurance.
