Rental costs shine a new light on the First Home Guarantee.
Rising rental costs across Australia are reshaping the value proposition of the federal government’s First Home Guarantee (FHG), according to new analysis from Cotality. While the scheme allows eligible buyers to purchase a home with a deposit as low as 5% without paying Lenders Mortgage Insurance (LMI), it also results in a larger loan and, consequently, higher interest payments over time. However, with rents soaring, … Continue reading Rental costs shine a new light on the First Home Guarantee.