It is an Australian federal government shared equity initiative. It helps eligible low-and-middle-income earners buy a home with a deposit as low as 2%. The government provides an equity contribution of up to 30% for an existing home or up to 40% for a brand-new build. This significantly lowers your mortgage size and reduces your monthly loan repayments.

No. Unlike standard loans, there is no rent or interest charged on the government's equity contribution while you live in the property. You can choose to buy back the government's share in increments over time (voluntary repayments), or settle it down the track when you eventually choose to sell the property.

You fully own the home—your name is on the title, and you're responsible for maintenance and mortgage repayments like any regular homeowner. The Australian Government simply holds a financial share in the property corresponding to its contribution.

You can also increase your share in the property by making voluntary repayments in steps of at least 5% or alternatively you can sell the property and repay the Government its percentage share from the sale proceeds.

No hidden fees. However, because you are the primary homeowner, you will be responsible for standard property costs. This includes your council rates, utility connections, building insurance, and general property maintenance. The bonus is you save thousands upfront by completely avoiding Lenders Mortgage Insurance (LMI).

Our specialised team will help facilitate everything from your initial discovery call to getting the keys to your beautiful new home.