Don’t have the ‘bank of mum and dad’ to provide a deposit for your home?
BuyAssist understands that not everyone has access to family financial assistance – or the ‘bank of mum’ and dad’ to help provide a deposit to buy your home.
A recent study found that 40% of homebuyers rely on family assistance to buy a home, and that this assistance helps more males than females.
What if you don’t have access to this homebuyer financial assistance?
BuyAssist – together with National Affordable Housing and their investor partners support eligible homebuyers who haven’t saved a deposit and don’t have access to family assistance to purchase their home by addressing the deposit gap by providing homebuyer assistance.
With BuyAssist you can have an opportunity to get into the housing market and buy your home without years of saving a deposit or relying on family support, with our homebuyer fund applied instead of the typical 20 per cent deposit requirement.
On average we provide 25% of the property price as home buyer support, meaning the average customer 1st mortgage is only 75% of the property price. We have supported many singles, couples and families – including women-headed households to buy a home without a deposit. Most households can also access first homeowner support.
We have a range of properties available to buy across Victoria with our homebuyer support program. This includes house and land, townhouses and apartments in Greater Melbourne and regional Victoria. Household eligibility includes stable employment, Australian resident or permanent citizen, and a good track record in renting.
Did you know you do not need to be a first home owner for BuyAssist homebuyer support?
We have helped first home buyers as well as households that don’t currently own property to buy their own home. This means single women and men and sole parents may be eligible for home buying support following a separation.
Want to buy your own home?
Don’t have a deposit or the ‘bank of mum and dad’ homebuyer support?
You may be eligible for BuyAssist homebuyer support.
Register now with BuyAssist to find out if you are eligible for our innovative homeownership support.
BuyAssist Australia – making home ownership more affordable and attainable for more households.