Dutton to open bank of mum and dad to kids
- The method of using the bank of Mum and Dad is considered the best for first home buyers, but not everyone can access this option, which can strain parents and grandparents.
- Expert Queenie Tan suggests that existing government schemes, such as the First Home Buyers Assistance Scheme, should be prioritized by potential buyers seeking assistance early in the home buying process.
- Zein El Hassan advises potential buyers to utilize free digital financial tools to better understand home purchasing before committing.
- Experts rank popular property-purchase methods for first home buyers, revealing that 5% deposit options exist, contrary to the belief that 20% is always required.
12 Articles
12 Articles
How can I buy my first home? Experts rank most popular methods
Experts including Noel Whittaker, Queenie Tan and Zein El Hassan examine common strategies Millennials and Gen Z use to get into the Australian property market, including the Bank of Mum and Dad, government schemes such as First Home Buyers Assistance, ‘rentvesting’ and more.
Dutton's housing 'despair' as son gets surprise leg up
Peter Dutton plans to help his son Harry with the deposit for his first home. (Mick Tsikas/AAP PHOTOS) By Kat Wong Peter Dutton stepped into the shoes of an aspiring home buyer as he spotlighted what he hopes will be a vote-winning housing policy. Like many other parents, the opposition leader toured a newly built house with his young adult son on Tuesday. The crisp two-storey family home located on the outskirts of Melbourne represents the kind…
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