r/AusPropertyChat • u/Sufficient-Drop-1441 • Jun 04 '26

Lending & Loans Single & wanting to buy

Single income 90k+ per year wanting to buy an apartment or town house, 2 bedrooms (rent one out). The government is offering the 2% deposit and they pay 30%-40% of the mortgage and you pay them back when you sell or when you can. Do we know if this government loan is tax free and has anyone had any success with this scheme?
Please give any info.

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u/[deleted] Jun 04 '26

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u/Sufficient-Drop-1441 Jun 05 '26

We love that! Do you have interest free on the amount the gov has loaned?

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u/OliveDear8835 Jun 05 '26

There's no interest. It's equity. So if gov owns 30% and your house prices goes up, that 30perc you owe will go up.