Episode 11: Unlocking Shared Equity Schemes: What First Home Buyers Need to Know

Shared equity schemes are becoming more common across Australia, offering first home buyers the chance to purchase with a smaller deposit and lower repayments. But what do they actually mean for your long-term wealth and ownership?

In this episode, Jack Elliott and Chris Bates explain how shared equity works, where the government or another partner contributes a percentage of the purchase, and what that really means for buyers over time. They break down the benefits, risks, and key trade-offs compared to alternatives like the First Home Guarantee.

You’ll learn about the obligations while you’re in a scheme, the exit pathways to remove government ownership, and who this option may suit best.

This episode gives a general overview of shared equity. Each state has its own version (and not every state offers one), so over the coming weeks we’ll dive deeper into the state-based schemes to help you understand what applies where you’re buying.

In this episode:
🔑 What shared equity schemes are and how they work
🔑 The benefits, risks, and common traps to avoid
🔑 Your obligations while using a shared equity scheme
🔑 Exit pathways to remove government ownership
🔑 How shared equity compares to the First Home Guarantee and other options