26/09/2025
Oct. 1st 🌟 Aust. first home buyers get ready 🌟
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Below commentary from FoxAuctions.com.au
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A Reform That Will Change Everything
From October, the federal government’s First Home Buyers Guarantee gets a dramatic facelift. Buyers will only need a 5% deposit, with the government stepping in to guarantee up to 15% of the property’s value. That means no Lender’s Mortgage Insurance (LMI) — a saving that, for some buyers, amounts to tens of thousands of dollars.
On top of that, income caps and scheme place limits are being scrapped, and the price ceiling in NSW has shot up from $900,000 to $1.5 million. That’s not just a small tweak — that’s a game-changer. A buyer who once had to settle for a $900,000 budget can now realistically chase homes worth $1.2 to $1.5 million without the drag of LMI weighing them down.
Make your next auction a Fox Auction. Built on a passion for what we do and foundation of extensive experience in auctioning both residential and commercial real estate, Fox Auctions has helped individuals, families, and investors across New South Wales navigate their property sales . ABOUT US At Fo...
