As a first-time homebuyer in Australia, you may be wondering if there is a limit to the number of properties you can purchase using the First Home Buyer Deposit Scheme (FHBDS).
Q: Is there a limit to the number of properties I can purchase under the FHBDS?
A: There is no limit to the number of properties you can purchase under the FHBDS. However, it’s important to note that there are some eligibility requirements that must be met in order to qualify for the scheme.
Eligibility for the FHBDS is based on a number of factors, including your income, the property price, and whether you are a first-time homebuyer. To be eligible for the scheme, you must not have owned or held an interest in a residential property in Australia before.
It’s important to remember that each property will need to meet the scheme’s eligibility criteria. It’s also important to carefully consider your financial situation before taking on multiple mortgages at once. If you’re unsure whether you’re eligible for the FHBDS, or how many properties you can purchase under the scheme, it’s recommended that you speak to a participating lender or financial advisor for guidance.