The low-cost Homes Program offers eligible purchasers exclusive usage of properties at rates underneath the market rate that is normal. These properties are offered for a small time frame before being listed for sale from the market that is open.
Properties can be found throughout Southern Australia and can include public that is former community housing stock, and new homes into the latest developments.
The method of purchasing an affordable home
1. Check always your eligibility
To qualify, everybody that will be detailed being an owner in the certificate of title must:
- be aged 18 years or older
- perhaps not presently have a residential property
- intend to reside in your house as an owner occupier
- be considered a resident of South Australian
- meet up with the earnings and asset limits.
Public and housing that is community
Present Housing SA or community housing tenants are immediately qualified to receive the Affordable Homes program. You must repay the debt in full before the settlement date if you have a debt with Housing SA. If effective you certainly advanceamerica will no further qualify for general public housing, and any beginning applications will once be cancelled a property is bought.
2. Find a house
Go to the Affordable Homes site to see all available houses. You can easily register to get e-mails alerts whenever a residential property is detailed that matches your requirements. Continue reading “Buying a home that is affordable”