- mjskinner16Member@mjskinner16Join Date: 2008Post Count: 2
First of all does anyone have any negative opinions about the governments 30% shared equity scheme? Where by they provide 30% equity for a purchase of a property under $365k.
Now to the point, you are only allowed the 30% shared equity scheme if your income is under $70,000. I am trying to find a way to reduce my income some $30,000 (on paper or for some period of time) so that i may be eligable for the scheme.
Any Ideas how to legally do this?
Cheers.amsjermParticipant@amsjermJoin Date: 2007Post Count: 9
How do u take advantage of this shared governemnt equity scheme?
Where did u find more about this?mjskinner16Member@mjskinner16Join Date: 2008Post Count: 2
Look on google, im not sure if its available out side of WA or Not? Ill find the link tomorrow and post it..
Any ideas on my questions?
Rather than look at Govt SE scheme why not consider the Adelaide Bank SE scheme.
Yes it is post code restrictive and a couple of States have been taken off the list but is more flexible from what i have seen than the State schemes.
Richard Taylor | Australia's leading private lendergibbo1Participant@gibbo1Join Date: 2008Post Count: 152
With the Adeliade Bank SE, last I heard in WA every suburb south of the river had been removed – someone said accidently but they weren't sure if those suburbs would be back on the list anytime soon.
I think you may find that the whole of WA has been removed.
Richard Taylor | Australia's leading private lendermpertileMember@mpertileJoin Date: 2005Post Count: 55
Do they have this in QLD – can't seem to find any info on the net about this being offered in QLD, so I am assuming not, but thought it wouldn't hurt to ask
There is NO State sponsored scheme in Qld other than the Adelaide Bank scheme.
Richard Taylor | Australia's leading private lender