A simple, easy way into the property market.
For the first time in Australia, the Government has designed an account to help first time residential home buyers get into the property market.
You can earn a competitive rate of interest and any interest earned will be taxed at 15% and paid to the Australian Taxation Office (ATO) by us. So, there’s no need to declare interest earned on this account in your tax return.
In addition, the Government will contribute 17% of what you deposit each year (capped at $850), providing you meet the account conditions.
This account is available to everyone aged between 18 and 65 and you don’t have to be a member to enjoy:
- additional contributions from the Government
- tax benefits
- a competitive interest rate
- no account keeping fee
- the flexibility of depositing funds into your account when you want.
It’s a perfect opportunity to help you achieve your very own home.
Register now for information and an application.
Also, see our frequently asked questions.