“Help to Buy” will assist up to 10,000 middle income earners enter the housing market with smaller deposits and mortgages.
Stream more Australian news with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022. Opposition Leader Anthony Albanese to unveil new housing policy ahead of Labor’s campaign launch in Western Australia. Picture: Getty Picture: Supplied“This will help many Australians on low and modest incomes to buy a home with a much smaller mortgage that they can afford to pay rather than renting for the rest of their life,” a statement said.
If elected on May 21, a Labor government would provide eligible Australians with an equity contribution of up to 40 per cent of the price of a new home.When Scott Morrison tells people struggling with rent to just âbuy a houseâ, it shows how out of touch he is
Moving into a share house with politicians? My last share house was also full of thieves, liars & deceivers
Going by your image - buying a house is so precarious, that only you can save us.
Shared equity the slippery slope of servitude to a major share holder and it’s not you
New Labor scheme is called public housing ?
And then make it impossible to pay the loan back🤬
Albanese will lift the tax rate to pay for this affordable housing.
Break into Really! Housing should be a basic tax paying citizen right!
AlboMP Simple economics. Thus will increase demand and prices will skyrocket. Then what happens to the leftover 1st home buyers Another inept failure
The prices need to fall, as simple as that without any gimmicks.
What a load of BS
'Home's by the beach image is stupid' For crying out loud. First Home Buyers.... give me a break.
The LNPCorruptionParty has messed things up so much there are no houses to buy and tradies in such short supply that new houses will take ages to build. The LNP legacy will take decades to rectify.
Property owners welcome this LOL
How about the goverment stop pumping up the housing market to look good. Both parties. Get rid of negative gearing and place higher stamp duty on the when a individual or fund has over 3 or land units already. We need to stop making sitting on a house the only way to invest .
This is just a rip-off of the government’s First Home Loan Deposit Scheme. Labor getting desperate now.
WHERE WILL THE MONEY COME FROM? How long before money is paid back? What happens if people don’t want to sell the house ? What happens if loans are not repaid back. THIS WILL BE A DISASTER
All taxpayers will pay for this rort, which a few will benefit from, until they sell their homes and don’t have enough leverage to buy their next home.
let's set a price floor under the housing market so multiple dwelling owning politicians will always be in the money.
this country needs a billion dollers in public housing built now
Where will that money come from You guessed it right, from our pockets. People who have house or earn more than 90K. Why should we subsidise others ?
Only up to 120k for couples, they should raise that cap, or use percentages for tax brackets
😂
Fabulous, really fabulous. Now the government can be directly responsible for jacking up house prices.
Communism 101. World economic forum said you will own nothing and be happy
Frank Lowy when he migrated to Australia “worked in a metal factory and later preparing sandwiches at a delicatessen” in the west. Hard work and resilience bought him his first home here.
Love it. 🇦🇺💁🏼♀️🥰❤️ ausvotes
Labor aims to make housing more affordable by making housing less affordable?
Labor has a plan Morrison has nothing AlboForPM Insiders
Only has 10,000 spots. Another copycat idea of the LNP with a different name. More BS from 007Albo When is labor going to come up with an original WITH COSTINGS. Absolutely laughable.
Fair one AlboMP , but I can’t help thinking that this is just addressing symptoms not the cause - the overheated & unrealistic housing market is a product of wholesale greed, of obeisance to multinationals and a culture of gross materialism. That’s what needs to change.
How is this different from the schemes the Feds currently offer and the one offered by Victorian Government?
Will he lock in the interest rates on those loans?