BuyAssist has a limited number of house-land opportunities suitable for households looking to buy your own home in Ballarat.
With BuyAssist support you could be buying your own home with no deposit necessary. Avoid spending years saving for a deposit or paying Lenders Mortgage Insurance. With up to 25% shared equity support available for eligible home buyers, BuyAssist is helping more people buy their own home in Victoria. You don’t have to be a first home owner to be eligible for BuyAssist support. Victorian homebuyer grants may also apply.
Through its innovative, socially driven approach BuyAssist has supported over 100 households achieve affordable home ownership. BuyAssist has new investment available to enable more households achieve their housing dream in Ballarat. Land will be titled soon, with construction able to start this year.
For BuyAssist program homeowner Alan the benefits are clear – “I wanted the stability of being in my own property. Renting was fine but it’s dead money. You’re paying off someone else’s mortgage”.
Current market research estimates it can take over 8 years to save a 20 per cent deposit, and when homebuyers with a deposit of less than 20 percent face paying Lenders’ Mortgage Insurance and a higher cost mortgage, many people are simply giving up on ever realising their home ownership dream.
This deposit and serviceability challenge is why BuyAssist, part of the National Affordable Housing Group, created an innovative, shared equity homeownership program that supports people without a deposit to buy their own home.
Contact us to check your eligibility and discuss how you could buy your own home in Ballarat.
