“We saw a number of schemes announced last year extended further. For example, the first home loan deposit scheme and the new home guarantee each had an additional 10,000 places added to them,” she said. “We also saw the first home loan supersaver scheme increased from a maximum amount of voluntary contributions from $30,000 to $50,000.
“We also saw a couple of new schemes, so the family home guarantee, which is designed for single parents who have a dependent to be able to purchase a property with a 2 per cent deposit". Ms Flaherty told Sky News the age at which people wishing to downsize can make a one-off contribution to their superannuation had been decreased from 65 to 60.
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Victorian debt forecast plummets due to thriving property market | Sky News AustraliaVictorian Treasurer Tim Pallas has promised a path back to surplus as he prepares to reveal the state's post-pandemic budget. \n\nHe has predicted smaller deficits over the next four years following the federal government's big spending response.\n\nThe improvement to the state’s balance sheet has been credited in part to the red-hot property market, higher than anticipated GST revenue\n\ngovernment plans to forge ahead with plans to raise $2.4 billion in land taxes.\n\nThe proposal would see stamp duty increase by one per cent for properties which sell for more than $2 million. \n\nMr Pallas says the initiative is a chance for those who have done well to help those who have not during the pandemic. \n\nPrime Minister Scott Morrison has criticised the tax plan expressing concerns it could slow economic growth. \n timpallas Create problem / use hardworking law-abiding taxpayers money to fix problem whilst our GLOBALIST GOVERNMENTS on both sides of politics have sold our basic human rights for the almighty $$ ! We all now this was never about our health so hopefully jail time coming soon. LoL timpallas It is sad that Labor has given up protecting the poor and ordinary workers. They could have taxed those who profited from the pandemic but no, chose to go after demographics that can't fight back.
Source: SkyNewsAust - 🏆 7. / 78 Read more »