He said the market was recovering, in large part, due to the thousands of people who took advantage of the federal government's scheme which allowed property to be purchased with a deposit of as little as five per cent. “At last count about 6,500 people who are at some point of the process in either getting their pre-approval, securing a guarantee or, in some cases, having already settled on a property,” he said.
About half the applicants have their sights set on properties outside capital cities, which Mr Sukkar said the government designed “deliberately” so it wasn’t centric to Melbourne, Sydney and Brisbane. “This could be very easily the type of scheme that gets used just in our major capital cities," he said. “There was about half in our major capital cities, the other half outside.
The cap on the price of property makes impossible to buy a house in capital cities . Even on the GC where the cap is 560 it would be hard to buy a house
Yeah things are so hard these days... my dad seated middle. Grandparents SW Dairy group settlement pioneers...outside their new home after leaving Boulder City WA. They were really grateful...considered themselves lucky to be here... grandmother died aged 51 grandfather 58
housing minister?
If a strong Trumpian leader were in charge this recovery would become a bonanza.
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