๐๐ผ๐๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐ ๐๐ถ๐ฟ๐๐ ๐๐ผ๐บ๐ฒ ๐๐๐๐ฒ๐ฟ ๐ฆ๐ฐ๐ต๐ฒ๐บ๐ฒ
The First Home Super Saver Scheme, which allows first home buyers to make voluntary contributions to their superannuation and release those savings with associated earnings for a home deposit, has been updated.
The federal government has given first home buyers more time to access funds to complete their property purchase, by extending the timeframe to request a release of savings (after entering into a contract) from 14 to 90 days.
This change has been backdated to 1 July 2018, allowing people who were unable to access funds in the past the opportunity to do so now.
A total of 97,607 owner-occupier first home buyers applied for home loans in the year to June (see graph), according to the most recent data from the Australian Bureau of Statistics.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
