Adviser Q&A: Getting your kids into a home

There are several government incentives designed to assist young people in purchasing their first home. These may include grants, tax benefits, and schemes that allow access to superannuation savings. It's important to explore these options to see which ones you might qualify for.

Certain government schemes allow first-time homebuyers to tap into their superannuation savings to help with the purchase of a home. This can provide a significant boost to your deposit, making it easier to enter the property market.

With property prices falling nationally, it may be a favorable time for first-time homebuyers to enter the market. Lower prices can make it easier to afford a home, especially when combined with available government incentives.

Before using your superannuation for a home purchase, consider the long-term impact on your retirement savings. It's crucial to weigh the immediate benefits of homeownership against the potential reduction in your retirement fund.

You can register for live webcasts and Q&A sessions with financial advisers to learn more about using superannuation for home purchases. These events provide an opportunity to ask questions and get expert advice tailored to your situation.

Financial advisers can provide valuable guidance on navigating government incentives, understanding the property market, and making informed decisions about using superannuation savings. They can help tailor a strategy that suits your financial goals.

Attending live webcasts can be a great way to gain insights from experts, ask questions, and learn about the latest government incentives and market trends. It's an excellent resource for anyone considering buying their first home.

You can email your questions in advance to the webcast organizers. This allows the team to address your specific concerns during the event, providing you with personalized advice and information.