Thank you for your responses.

No she hasn’t. But I have the option of buying out the government’s share before then, if I can finance it.

1. Does the “roughly 6 times your annual gross income” depend on whether you live in the property?

3. I can’t find any documentation describing terms of the agreement, other than that described…[Read more]

My elderly mother purchased a home with government assistance “Shared Home Ownership Scheme” back in 1992. It’s a 2 bedroom weatherboard house in the outer suburbs of Melbourne. The purchase price was 55k.

The original title says “Director of Housing as to 5199 equal undivided 10,000th parts or shares and {my mother} as to 4801 equ…[Read more]

My elderly mother purchased a home with government assistance “Shared Home Ownership Scheme” back in 1992. It’s a 2 bedroom weatherboard house in the outer suburbs of Melbourne. The purchase price was 55k.

The original title says “Director of Housing as to 5199 equal undivided 10,000th parts or shares and {my mother} as to 4801 equ…[Read more]

My elderly mother purchased a home with government assistance “Shared Home Ownership Scheme” back in 1992. It’s a 2 bedroom weatherboard house in the South Eastern Suburbs of Melbourne. The purchase price was 55k.

The original title says “Director of Housing as to 5199 equal undivided 10,000th parts or shares and {my mother} as to…[Read more]