A Commonwealth Government initiative to support eligible regional first home buyers purchase a home in regional areas with as little as a 5 per cent deposit and without needing lenders mortgage insurance.
A guarantor on a home loan (typically a parent or family member) is someone who provides a guarantee to a lender that they will be responsible for repaying the entire loan if the borrower can’t pay it back. The benefit for a borrower is that it may increase the amount they can borrow or prevent the borrower from needing to pay lenders mortgage insurance, however there are risks for the guarantor.
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HomeSeeker SA properties are available to eligible people for an exclusive period, so you don't have to compete against investors before these homes become available on the open market. We now require all new developments to commit to making properties exclusive to you for at least 60 days - twice as long as older arrangements - giving you more time to make your decision and get your finance sorted.
What is shared equity?
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Shared equity can cover the gap between what you can afford and the cost o
A lender is normally a bank, financial institution, community association or government that makes funds available to a person to purchase a home with the expectation that the funds will be repaid. Repayment normally includes the payment of any interest or fees.
This free interactive program offered by HomeStart Finance will step you through all of the important aspects of buying your own home, such as how to budget and save for a deposit, understanding the costs involved and how to work out how much you can borrow and what your repayments might be.
A guide for people with an intellectual disability to learn how to use money safely, budget and save.
Helpful tips and tools for young people to make the most of your money, including budgeting and savings calculators
The Federal Government’s First Home Super Saver Scheme allows eligible first home buyers to save money for a home by accessing the voluntary contributions you’ve made to your superannuation fund.
Approval by the planning authority for a development. The planning trust could be local government or state government, depending on the project.