{"id":27383,"date":"2020-09-08T10:21:12","date_gmt":"2020-09-07T22:21:12","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27383"},"modified":"2020-09-08T10:21:12","modified_gmt":"2020-09-07T22:21:12","slug":"10000-interest-free-loans-for-more-first-home-buyers-under-expanded-sa-scheme","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/10000-interest-free-loans-for-more-first-home-buyers-under-expanded-sa-scheme\/","title":{"rendered":"$10000 interest-free loans for more first home buyers under expanded SA scheme"},"content":{"rendered":"

PHOTO: Funding for the program has increased by $3 million to include low and moderate-income earners. Source: Supplied<\/em><\/span><\/strong><\/p>\n

More South Australians can achieve their dreams of home ownership with the state government expanding its \u2018Starter Loan\u2019 scheme eligibility criteria.<\/p>\n

South Australians looking to buy their first home will now have additional help to achieve their dream.<\/p>\n

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A $3 million expansion of the state government\u2019s \u2018Starter Loan\u2019 program \u2014 now totalling $10 million over seven years \u2014 will provide borrowers with interest-free loans of up to $10,000 for five years.<\/p>\n

The scheme aims to help with upfront costs associated with buying or building a new home, such as stamp duty, fees and charges.<\/p>\n

It is in addition to the state government\u2019s $15,000 First Home Owner Grant, and the federal government\u2019s $25,000 Home Builders Grant.<\/p>\n

Under the changes, singles earning less than $65,000 a year and couples with a net household income of less than $90,000 are now eligible.<\/p>\n

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\"Couples<\/div>\n

Couples earning less than $90,000 and singles making less than $65,000 a year are now eligible. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

Up to 1000 loans could be offered to assist South Australians by 2026, according to Treasurer Rob Lucas.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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