Anyonr know about this?Are you planning tobuy your own home one day? Then you should know about Shared Equity HomeBuyer Helper – the NSW Government initiative that makes it easier andmuch more affordable for eligible people to buy a home.
How does Shared Equity make it easier?
With Shared Equity,the NSW Government lightens the load of a mortgage by contributing up to 40% ofthe purchase price of a new home and 30% towards an existing house. Inexchange, the Government holds an equity share in the property – but the homeis yours.
Are there other advantages?
Yes. As well asallowing participants to pay a deposit of just 2%, Shared Equity means lowerrepayments on a smaller loan amount, and no need for expensive lenderinsurance. You won’t pay interest or rent on the Government’s equity share,either.
Who's eligible to apply?
- singles aged 50 and over
- single parents of a dependent child
- first home buyer key workers employed as:
- police officers
- paramedics, registered nurses and midwives
- teachers and early childhood educators.
Single applicants mustearn less than $93,200 and joint applicants have a combined income of less than$124,200.
What other criteria are there?
You’d need to have a deposit of at least 2% ofthe purchase price, plus the funds to cover related costs of buying a propertysuch as solicitor/conveyancer fees, building inspections, etc.
You need to be able to service a loan with the help of the NSW Government’scontribution. However, if you’re able to secure a loan without needing the NSWGovernment’s contribution, you won’t be eligible.
@comms.service.nsw.gov.au>@comms.service.nsw.gov.au>
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$12.45 |
Change
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Mkt cap ! $7.071B |
Open | High | Low | Value | Volume |
$12.44 | $12.49 | $12.39 | $5.974M | 480.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 12114 | $12.40 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.50 | 585 | 2 |
View Market Depth
No. | Vol. | Price($) |
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5 | 12114 | 12.400 |
1 | 3000 | 12.380 |
2 | 3032 | 12.350 |
1 | 1622 | 12.330 |
4 | 5384 | 12.300 |
Price($) | Vol. | No. |
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12.500 | 585 | 2 |
12.510 | 1000 | 1 |
12.530 | 2239 | 1 |
12.540 | 2012 | 2 |
12.550 | 1500 | 2 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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