Federal budget First home buyers
In good news for first home buyers. The 2021 Federal Budget outlines the Governments economic forecasts along with a range of initiatives aimed at fast tracking Australias economic recovery following the Covid-19 pandemic which the Government indicates has been much better than expected.
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Up to Date as of 17 May 2021.
. First home buyers cannot withdraw any part of their compulsory super savings. Housing affordability has reached crisis issue status with the federal government facing calls from leading lobby groups to fix supply and taxation woes as it heads into this weeks budget. Federal Budget expands program introduced in 2021 to boost home ownership Single parents will be able to buy a home with a two per cent mortgage deposit First-home buyers given chance to get a.
Announced in the federal budget an additional 10000 FHLDS New Homes places will be available from 1 July 2021 to 30 June 2022. Those additional 10000 first home buyers will be able to obtain a loan to build a new home or purchase a newly built home with a deposit of as little as 5. But a top buyers advocate has urged the Commonwealth not to throw money at first-home buyers at the expense of those facing homelessness.
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