Prime Minister Anthony Albanese says the instead of having 100 per cent of your mortgage yourself the Shared Equity Scheme allows for a share to be “held by the government”. “The WA scheme has been in place for many, many decades and has been a huge success,” Mr Albanese said.
Yes labor you so good with money. Not
You buy a house as tenants in common with govt, your share is, say, 25%. As the house appreciates in value you still only own 25%. If you want to own it outright you have to pay 75% of market value, which could be 10 times more it’s original purchase price. If you sell 25% to you
The government: I will own your house but you can rent it.
This will work for many But for the RORTS that will emanate from GOVT initiatives AlboMP JEChalmers so are you aware of the many And like the FHO schemes These will prove inflationary WHEN (and if ) rates fall In the meantime It's a further AlboMP
Socialism. You have got to be kidding me. This would also spike prices even more, with the greedy Albanese government with their grubby mits in the mix.
Why don’t we all go and live on collective farms and make Albo really happy.
Communism knocking on our doors 🚪literally
Yay socialism. You’ll own nothing and be happy.
Hahaha, what type of communist crap is this? Australian city's will start to look like downtown Moscow soon.🙄🙄🙄🙄
🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼
This is the plan they want the population relying on government assistance. And then you do as your told..... or else..
1984 come on down
No thanks - 100% of this property is for MY children to do with as they wish when we are gone.
how did that policy discussion go how can we increase house prices more i know, lets subsidise the purchase wow lets go
Marxism at it best. You will own nothing and be happy. No freedoms of choice of how you live your life.
I hate this so much, the govt wants to be involved in every facet of life. Ffs
This is how they will get there housing numbers up.
Yay more government intervention in people's lives. Good one.
Who would trust Labor on this 🤡🤡🤡
When can we vote for the LNP to sort this out
Really starting to run our of conspiracy theories now.🙄
Oh, oh …. Anthony “Klaus” Albanese we have our very own Australian style New World Order. How many Aussie’s will gladly give their assets over to the govt? This will be interesting to watch.
Or make life more affordable? But we know this isn't the intention
WEF puppet…”you’ll own nothing and be happy” 🤪🙄
Having thr government own half my house? No thanks. Really really bad idea.
Sounds a lot like socialism
Omg - these guys would only spend it on minority issues.
Has this been tried anywhere in the world and worked? Just asking.
Communism
You’ve got to be kidding. I can even “own” my superannuation without the govt stealing it. Why in hell would I trust you with a share of my home?
I want shared equity in what the pollies have, level up the playing field...that's fair!
It was their plan all along.
So the government owns the equity in your home. You just pay for it
This is not hard to understand, 500k property must have 25k deposit government puts up 150k for deposit sell in 3 years 600k you pay back 175k for there 25% stake. Sell for 400k you still owe gov 150k. It’s a fair deal.
No thank You . You can’t be trusted
You won't own anything and you will love it!
What could possibly go wrong?
There is no way in the world I would trust this government.
How do you say Fuck Off Albo in English?
Like hell
Oh yeah. And then the government will pull the strings. Who-can-live-where-and-with-whom. I've seen it in the USSR.
He is so full of it, WA has a building crisis on their hands because of government handouts 🤦♂️
Sounds like a recipe for disaster… lets ask what changes have ever benefited Australians from government ? Looks good but always implemented poorly and Australians always get the rough end
Don't go there.
🤣🤣 Protective about property that you never really OWN anyway..
Bad idea amongst all the other bad ideas Labor has!
This is a seriously bad idea.
How can you trust them? They are already after your super?
Or you could take the LNP option and live in your car
You will own nothing and be happy
The people who are wanting to know more about this scheme- research Keystart. A scheme that has helped many ppl to get their first home. Do not bag a scheme if you have no idea how it works. It is bipartisan.
Sounds great in theory. Try applying for it with the current prices rates and of course bank rules. Great in theory.
libmbr Not for me, thank you very much. Is this a move from socialism to communism? Social issues-loving people, there's more to all of this, I fear.
No thanx mate, not interested
Just keep propping up the overinflated housing market. Can’t see how that will end badly.
sounds like socialism to me. will they tell me what to do if they have a share of my home?
Do they pay their share of the rates?
Why would you?
So Albo wants to own our homes now. When you sell you must pay back Labor. What a ridiculous scheme.
Haha. You'll own nothing and be happy. Um, no thanks! I'll pass.
They made it sound great but the government will pocket more from it.
And if you renovate it or improve it the Government takes a slice of that too. Basically they own your arse & your body, that’s the Labor way. The more people they import the less chance people can have of staying out of the scheme
Government owning all your home if you default? This reeks of communism.
Hang on the liberal LNP gov of NSW is proposing a similar scheme are you praising that or criticising them?
How does 'fk off' Albanese sound?
Stop selling houses to overseas, non citizens!!!!!
You’ll own nothing. Dystopia fast approaching
Ha ha, good luck with that
Well there a partner you can trust 👹
Yeaa. NAaa
AlboMP So much for Answering the bloody question If you think, that I would Allow You or Your Money Hungry Lieing Thieves to have Any Part of My Property, your Wrong! Laughing in Parliament & Ignoring Questions shows how LITTLE you RECPECT the Australian People!
Equates to government owning half your house or am I missing something?
You will own nothing and you will be happy. They can also take it any point. Make no mistake they do not want you be self sovereign
Shared Equity Scheme 🤔 It sounds better than socialism.
Hahahaha. They think we're stupid. At this point they're not even hiding the agenda.
What a trap
There's a name for that when the state owns everything: communism. Welcome to modern slavery, where you will work for the state (and their big business enablers), own nothing, and be miserable AF.
The Government should just bought the houses and just rented them out. No need for the Shared Equity Scheme.
Never never ever should anyone go into business with the Government whom have proven through all side of politics they can’t and never will manage any building project. Albanese wants your super and now he wants your house - he wants to control you
🤣 eh yeh, na
Renting your own house from government should be called Aboriginal Land tax as it would be
So the Government will financially contribute to the purchase of a property which can reduce the cost by 40% which will reduce the size of deposit. This helps so many people that will never get the chance to own their own home
That sounds like this govt. wants to have a say it what you do with your house?
You’ll own nothing and be happy!
That's a trap
Terrible scheme that will just add more demand to housing. We need to overhaul the over-generous policies that create ridiculous demand so we can improve housing affordability for all Australians.
Future generations won’t be able to afford to wipe their arse without some sort of government handout.