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Federal Budget

Budget plans to get YOU into your own home

The 2021/22 Federal Budget has been announced and there 3 key plans which will help first home buyers and single parents get into a home of their own.

We know budget initiatives and government websites can be confusing, so here is a simple breakdown of what we know so far:

• A brand new initiative called the Family Home Guarantee will assist single parent families get in to a home of your own from as little as 2% deposit and no Lender Mortgage Insurance.

• Super withdrawal limit has been increased to $50,000 under the First Home Super Saver Scheme.

• The current First Home Loan Deposit Scheme, which allows First Home Buyers to get into a home with only a 5% deposit, will be extended to an additional 10,000 buyers.

To find out if you're eligible, or for more information, complete the form and we'll be in touch.

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*T&Cs and eligibility criteria apply. Eligibility at the discretion of state and/or federal government. Please refer to Government websites for further information. Information shared here is general in nature. Summit Homes does not give financial advice to any individual, please consider your personal financial circumstances before taking action. Lenders terms and conditions apply.