The expanded program includes 35,000 places per year under the First Home Guarantee, which was previously known asIt allows people to put down a 5 per cent deposit without being slugged lenders mortgage insurance because the government guarantees the loan.to put down a deposit of 2 per cent.There will also be a new scheme established called the Regional Home Guarantee that aims to encourage more construction outside of capital cities.
It will be available to first home buyers, people who have not owned a property in the past five years and permanent residents, which the government hopes will encourage migrants to settle in regional areas. To access the regional scheme, applicants must either build or purchase a newly built home and there will be 10,000 places per year available from October 1.More money for roads, rail and transport
Tuesday's budget will also include nearly $18 billion for transport infrastructure which will be spent on upgrading and building roads and railway lines. It includes $1 billion to upgrade the train line between Sydney and Newcastle, $3 billion for key freight projects in Victoria and $1.6 billion for the Brisbane to Sunshine Coast rail extension.
Are policies that only serve to further over-indebt people smart when we are staring down the barrel of rising interest rates?
Why the government extending first home buyer scheme, when you have senior government ministers keep telling everyone the only way to “buy house, is to get highly paid job or first home buyers should find a good job that pays good money.”
🥱🤣😂🤣
Except there is no stock, so won't cost the government too much.
No expense being spared on beads and baubles for this election. If we're stupid enough to be bought so cheaply now, we will more than pay for it later.
Only noble can be ability and revolutionaries, current World is hell, but in revolutionaries' eyes is a hot land. So Russian-Ukrainian is actually a counterwork of understanding laws, Ukraine only has revolution forms, very useful in war. But Russia is revolution, should win!
Ponzi scheme continues!
Another developer cash injection?
Capped at $500k in ACT? Lol.