IS BUYING A FIRST HOME UP IN THE CLOUDS?
In NSW the First Home Owner Grant (FHOG) is now known as "First Home Owner Grant (New Homes) Scheme"
A discussion on the Channel 10 news the other night, was saying people are not being able to purchase a home due to No FHOG in NSW.
Vendor Finance can assist First Home Buyers who may not have enough Deposit to meet the banks current lending requirements, however are ready to buy their first home. This is where you the Property Investor can step in and help.
The stats are:
in 2009 60,000 people applied for FHOG,
in 2016 it is down to around a all time low for people applying for their first home.
This is a great opportunity for you to Vendor Finance a home so it is a win-win.
To Your Success
The Aussie Wrapper