PROPERTY SHOWCASE: The perks and pitfalls of a first home buyer scheme
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Are government schemes all they are cracked up to be? An investment expert weighs in.
On this episode of The Property Showcase, Lorna Wang of InvestorKit sits down with host Grace Ormsby to discuss the pros and cons of the First Home Buyer Assistance Scheme in NSW.
While the scheme aims to help first-time buyers enter the property market by providing stamp duty exemptions and concessions, Lorna offers a word of warning to would-be buyers in Sydney, sharing her insights into the challenges and limitations of the scheme when applied to a city as expensive as the harbour capital.
In this episode, you will also hear:
- Who the First Home Buyer Assistance Scheme will and won’t benefit
- How scarcity is impacting Sydney prices
- The importance of due diligence when considering the scheme
If you have any questions for Lorna, you can contact her at www.lornawang.com.au/
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