Should I use a first home saver's account or FHSA?
First home saver accounts (FHSA) were a Federal Government initiative launched to help people save for their first home. These accounts have now been abolished. However, The Australian Government has since launched The First home super saver (FHSS) scheme to reduce pressure on housing affordability.
The scheme allows first home buyers to save for a home faster through voluntary contributions - made before and after tax - to their super fund.
To get started on your journey to first home ownership, book in your free appointment with an Aussie Broker today.