... 🏠, all you need to know about the changes to the First Home Super Saver Scheme

Published: Sat, 10/29/22

Hi ,

The First Home Super Saver (FHSS) scheme allows individuals to save money for their first home through their super fund. This is to help first home buyers save faster with the concessional tax treatment of superannuation, and the FHSS tax offset, which reduces the amount of tax payable.

For FHSS determinations made from 1 July 2022, the amount of eligible contributions that can count towards the maximum releasable amount across all years increased from $30,000 to $50,000. The amount of eligible contributions that can count towards the FHSS maximum releasable amount for each financial year will remain at $15,000.

It's important to remember, individuals must apply for and receive a FHSS determination before signing a contract on their first home, including purchases of vacant land. In most cases, once an individual signs a contract to purchase any property, they are no longer eligible to request a FHSS determination.

Ready to buy? Give Chamberlain Property Advocates a call on 03 9686 2288 today. We are here to help. We offer a free consultation, so why not call today?

Book a time to chat now

In a market like this one, I’d want someone in my corner that I could trust, representing my best interests.

Wouldn't you?

I’m here to help.

Need a hand? Contact Wendy here

Are you a first home buyer?

When you start looking for your first home, you will quickly realise there are many steps involved in the buying process. It can become very confusion and daunting very quickly and you may feel a sense of overwhelm. That's where we can help. Working with people like you, first home buyers, is our specialty!

First Home Buyers

What our happy clients have to say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Craig and Mirella purchase their property in just two weeks, after they had searched for 4 years!

Here is what Craig and Mirella had to say about their experience of working with a Buyers Advocate:

“This has been four years in the making, getting our dream home. The last two weeks we've been with Wendy at Chamberlain's and she made the process so much easier. Within 24 hours, we had a brand new house. Thanks so much, Wendy! It was so much easier working with a buyer's advocate. We've been looking for four years, we've been doing it ourselves and it was so much easier dealing with Wendy at Chamberlain's. Experience, knowledge, relationships and contacts - she had them all! It just made it so much easier for us. We are so very happy! Thanks so much for your help, Wendy."

Craig & Mirella

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. We helped Craig and Mirella purchase their property, to make it easy and stress-free. Let us help you too!

Hear what our other happy clients have to say

Wendy's Tips

"When it comes to buying your dream home, remember you need to keep a level head. If you walk through that home, and the real estate agent sees that you have fallen head over heels with that home, they're going to know and chances are you'll end up payment a premium to buy that home."

Wendy Chamberlain, Buyer's Advocate

Wendy in the media

In July, Wendy shared insights with Melissa Heagney and Tawar Razaghi about suburbs where property have fallen the most.

Read article here

Where is Wendy speaking next?

Wendy Chamberlain has been invited back as a guest speaker for Midday Panorama with Vilma Formosa on the 2nd December. Tune in to North West FM to hear Wendy discuss the current property market.

Find out how to Listen In here

As we progress through Spring, now is certainly a great time to be buying a home. Not sure what to do and need a helping hand with your next property step? It pays to have an expert in your corner.

Whether you're a first time buyer, looking to sell your home or buy your next one, I'm here to support you.

Please call the office on 03 9686 2288, book a time to chat here or send an email to [email protected] and we can make a time for a confidential chat. Obligation free!

I'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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