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Mortage Broker , Sydney Region

Scott Morrison’s First Home Buyer Loan Deposit Scheme gives higher income buyers unnecessary edge

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Prime Minister Scott Morrison’s flagship First Home Buyer Loan Deposit Scheme launched earlier this month will mostly benefit higher income earners who may not have needed as much help as poorer families, analysis reveals.
The scheme, announced just before last year’s federal election and effective January 1, allows 10,000 first-time buyers each year to purchase properties with only a 5 per cent deposit, with the government guaranteeing the loan so that buyers won’t need pricey lender’s mortgage insurance.

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Glenorchy Review

Introduction Glenorchy is a suburb of Hobart, in the state of Tasmania, Australia. It's a very pleasant suburb located about 8km from Hobart CBD. The suburb offers almost all the amenities on just a walking distance. It is a very affordable suburb and is only 15/20 minutes to the Hobart CBD. Benefits Glenorchy is a fantastic suburb offering lots of facilities: • Multicultural suburb • Safe suburb • Quiet and peaceful • Clean and Green suburb • Lots of shopping options • Good schooling options • Close to Hobart CBD • Affordable living • Friendly community • Perfect place for couples, singles and families Challenges • No nightlife • Less number of cafes and restaurants in the suburb • No local train station Location Glenorchy is bound by the River Derwent to the east, Mount Wellington to the west, Hobart City to the south and Brighton to the north. Connectivity  Tasmania’s main form of transport is private transport on the road network, transport is also available by bus, ferry and aircraft. • Glenorchy is passed through by the Main Road of Greater Hobart, and the Brooker Highway which is the main connection to surrounding councils. • The suburb is also served by many bus routes to travel along the surrounding suburbs. Shopping destinations • Northgate Shopping Centre is a big shopping mall with loads of shops. The mall includes supermarket, gift stores, shoe shops, clothing stores, mobile phone providers, massage and beauty salon, food providers and food court. • Glenorchy Plaza is also a big shopping mall in the suburb offering Woolies, Big W and many other big stores . • Glenorchy Central is another convenient shopping mall in the suburb. • Many other local shops, groceries and supermarkets are available in the suburb. Schools & Daycares • Glenorchy Primary School, Kensington St, Glenorchy • Guilford Young College, 76 Bowden St, Glenorchy • Cosgrove High School, 286-294 Main Road, Glenorchy • Dominic College, 204 Tolosa St, Glenorchy Good daycares in the suburb include: The nearest daycare centres are: • Goodstart Early Learning Glenorchy, 469 Main Rd, Glenorchy • Discovery Early Learning Centre & OSHC, 204A Tolosa St, Glenorchy • Tiny Tackers Childrens Centre, 19 Clydesdale Ave, Glenorchy Internet Connectivity Super fast NBN is now available across Glenorchy, TAS Price Median Sale Price- $430k Rent Median Rent Price- $450pw Summary Glenorchy draws its name from Glen Orchy, Scotland, meaning "Glen of tumbling waters". It is a beautiful suburb offering almost all the amenities including shopping malls, schools, daycares, cafes and many more. The suburb also offers affordable house prices as compared to other surrounding suburbs. Tolosa street offers regular buses into the bus interchange at Glenorchy. Overall, the suburb is recommended for professionals, retirees and families.
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