What are the promises being made to home buyers during Australia’s Federal election?

  • 📰 brisbanetimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

What the major and minor parties are offering home buyers this election

Help to Buy schemeIt’s a shared equity scheme that would allow eligible home buyers, with at least a 2 per cent deposit, to purchase a home, with the government covering up to 40 per cent of the cost of a newly built property or 30 per cent of the cost of an existing one.Alex Ellinghausen

Participants must buy back the government’s share in their house if they start to earn more than the wage threshold amount. Of these, 125,000 would be offered as part of a shared equity ownership scheme, allowing people to own their first home where they want to live for just $300,000. Owners will have up to 75 per cent equity in the home, and sell it back to the government if they would like to move on.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What are the promises being made to home buyers during Australia’s Federal election?The housing market has always been a hot topic, but in the lead-up to the federal election, it has become a key talking point for many of the parties. auspol ausvotes here are my naked photos After this disgusting campaign my faith in anything that is said or promised is minimal The Super Scheme is great! Allowing Renters to access their money, Super, to help buy their 1st home This access should be extended to all, providing it’s their only property This gives everyone the same benefits as those who have bought investment properties with their super
Source: theage - 🏆 8. / 77 Read more »