Dreaming of owning your own home?
We can help you secure your own place sooner.
More Australians are renting today than 20 years ago.
A real solution to home ownership.
Reducing the upfront financial burden.
Ready to enter the housing market? BuyAssist is making home ownership a reality for more Australians by offering a real solution.
The gap between house prices and household income has never been higher and the time required to save a deposit is only increasing.
BuyAssist is a new way for eligible individuals, couples and families to purchase a newly built property.
How it works?
BuyAssist supports the purchase of approved new properties for eligible home buyers. The minimum financial support amount is 25% of the purchase price. The financial support from BuyAssist will cover your deposit and help you buy a home sooner.
For eligible buyers, BuyAssist provides a selection of approved new properties for purchase. BuyAssist will support the purchase financially and help arrange the balance of the funds.
The balance of the purchase price may be funded with a traditional home loan from a bank that understands the BuyAssist program. Normal bank lending criteria does apply — you will need to be able to afford the bank loan repayments and have a good credit history. You will be the sole owner of the property.
Any savings or government grants you may be entitled to will reduce the amount you need to borrow from the bank. Normal legal, application and other fees will apply to the purchase. BuyAssist will make sure you understand all the costs before you proceed. Our team of experienced finance and real estate experts will give you access to independent advice.
We understand buying a home is a big step, and a new experience for many of our customers. Once the purchase is completed, you will be responsible for all the normal costs of home ownership. You will also need to meet your bank loan repayments and the low monthly BuyAssist service and administration fees. The financial support amount will need to be repaid in the future when you sell the property, payout your first mortgage or choose to refinance with a standard loan. We will continue to help you on your home ownership journey.
With your deposit covered and a smaller bank loan, home ownership can be a reality sooner with a BuyAssist property.
Who is eligible to participate?
You don’t need to be a first home buyer to buy a home through BuyAssist. Singles, couples and families can apply to participate. There are rules to the support we provide — these are related to income levels and other criteria, such as job types and locations.
To see if you’re eligible click here.
Who is providing the support?
BuyAssist is a wholly owned subsidiary of the National Affordable Housing Consortium (NAHC). The NAHC believes that smart investment in social and affordable housing creates greater balance in the housing market as we strive to develop sustainable, connected and prosperous communities.
We match eligible home buyers with approved properties and financially support the purchase. To find out more about BuyAssist, please see our About page.