In this insightful episode of Wealth Coffee Chats, Alex from Fenton Financial dives deep into one of the most overlooked opportunities for first-home buyers – combining the 5% Deposit Scheme with the First Home Super Saver Scheme to get into the property market faster and smarter. Whether you’re a young professional dreaming of your first home or a parent wanting to help your adult kids buy their first property, this strategy could be a game-changer. Alex breaks down how to use salary sacrifice to your advantage, the tax benefits involved, and how couples can double their savings to reach a deposit in record time. He also explains the ATO process for releasing funds and key considerations around affordability and loan servicing. With practical examples and a clear step-by-step breakdown, this episode shows how a little planning and smart use of super contributions can turn the dream of home ownership into reality — without cutting out your daily coffee.

Episode Highlights:

1. Quick updates on gold market movements and profit-taking trends.

2. Overview of the 5% Deposit Scheme and eligibility requirements.

3. Introduction to the First Home Super Saver Scheme (FHSSS) and how it works.

4. Example scenario: buying a $900,000 property with a $45,000 deposit.

5. Tax savings breakdown and how salary sacrifice accelerates deposit building.

6. How couples can double their contribution power and save faster.

7. Important steps for accessing funds through the ATO and ensuring loan serviceability.

8. Why this is one of the most underutilized property strategies for first-home buyers.

9. Final thoughts for parents helping their adult children get started in property.