Help to Buy: Just Because You Can Buy, Should You?

The Help to Buy scheme can be a great option for the right people. While some view the government owning up to 30% of an existing property or 40% of a new build as a negative, it means taking on 30% less debt. The government also shares the downside risk if property values fall. My main concern is allowing people to buy with as little as a 2% deposit, which is often too early before establishing strong saving habits and commitment. Always weigh up the cost of any loan against the rent you currently pay. Do the numbers first, because just because you can buy does not mean you should, and renting is not always dead money. General Advice Only. Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.