EXCITING DEVELOPMENTS FOR FIRST-TIME HOME BUYERS AND CURRENT HOMEOWNERS
The current real estate market has presented challenges for first-time home buyers, with soaring home loan interest rates that have risen from 7% to a substantial 11.75% over the past few months.
However, amidst this discouraging news, there is a glimmer of hope.
THE GOOD NEWS
Recent increases have been made to the First Home Finance Subsidies, previously known as FLISP, which could significantly benefit prospective buyers and provide relief for current homeowners.
GOOD NEWS FOR NEW HOME BUYERS
These adjustments mean that first-time home buyers now have the potential for greater purchasing power, particularly when the subsidy is factored into their property finance arrangements.
GOOD NEWS FOR CURRENT FIRST HOME OWNERS
Additionally, there is fantastic news for current first homeowners.
If you have never applied for the subsidy before, you now have the opportunity to apply retrospectively, allowing you to potentially benefit from this initiative.
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Meyer de Waal
021 461 0065
