All Topics / Help Needed! / Government Shared Equity.

Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of mjskinner16mjskinner16
    Member
    @mjskinner16
    Join Date: 2008
    Post 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.

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    How do u take advantage of this shared governemnt equity scheme?

    Where did u find more about this?

    Profile photo of mjskinner16mjskinner16
    Member
    @mjskinner16
    Join Date: 2008
    Post 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?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    MJ

    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 | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of gibbo1gibbo1
    Participant
    @gibbo1
    Join Date: 2008
    Post 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.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    I think you may find that the whole of WA has been removed.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of mpertilempertile
    Member
    @mpertile
    Join Date: 2005
    Post 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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    There is NO State sponsored scheme in Qld other than the Adelaide Bank scheme.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of ErikHErikH
    Member
    @erikh
    Join Date: 2007
    Post Count: 118

    or try http://www.efm.info which as of now covers all states except NT and TAS

Viewing 9 posts - 1 through 9 (of 9 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.