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Sam2019

Sam2019

Real Estate Enthusiast, Sydney

Morrison Government would indefinitely subsidise first home buyers’ property purchases

5Mo ago 0 Replies 101 Views
Earlier this month, Housing Minister Michael Sukkar was interviewed by Sky News where he signaled that the Morrison Government would indefinitely subsidise first home buyers’ property purchases:
“I expect that this will be a feature of the Morrison Government’s policy prescription going forward for helping people getting their first home”…

National Housing Finance and Investment Corporation figures released on Thursday show that, since July 1, 4076 places have been reserved or processed under the First Home Loan Deposit Scheme. The rapid take-up of the scheme’s allocated places, which helps applicants purchase a home with a deposit of as low as 5 per cent, will buoy the real-estate ­industry, which has been hard-hit by falling property prices, depressed­ rents and poor auction clearance numbers during the COVID-19 pandemic…
Mr Sukkar told The Australian the government was “committed to doing all we can to help Aust­ralians get into a home of their own sooner”.




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