Analysis: More help for those seeking to buy their first home
The federal government is ramping up efforts to enable more young families, couples and singles to get a foot on the property ladder.First Home Guarantee , up 250 per cent from 2021-22. The Sydney price cap has also been lifted to $900,000 and, for Melbourne, $800,000 – up $100,000 on the previous financial year.
Five more lenders are participating in the scheme this financial year, taking the number to 25 non-major lenders, plus National Australia Bank and the Commonwealth Bank. Saving for a home deposit is one of the main obstacles to achieving home ownership. A recent survey of first home buyers by Finder found more than a one-third took more than five years to accrue enough funds.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jennifer Hawkins and Jake Wall buy $6m Central Coast ‘knockdown’ - realestate.com.auAfter searching for years, Jennifer Hawkins and husband Jake Wall have finally bought their forever home, far away from prying eyes.
Read more »
Queensland resort manager jailed after stealing $200,000 from ownersThe offender bought the business for $1. He ripped off unit owners at the resort, taking as much as $92,000 from one owner.
Read more »
Australia's first truth-telling inquiry seeks extension as it investigates more than 200 years of injusticesTasked with creating a public record of Indigenous experiences since colonisation, Victoria's truth-telling inquiry has formally asked for a two-year extension.
Read more »
The 28-year-old behind Cremorne’s $16m house purchaseBob Teoh, the 28-year-old son of reclusive billionaire telco founder David Teoh, looks to have joined the ranks of Sydney’s first home buyers.
Read more »
Embattled aged care home facing another COVID-19 outbreak, one day after chargesAn embattled aged care home in Melbourne&x27;s north is facing another COVID outbreak just one day after charges were brought against the facility by WorkSafe.
Read more »
Embattled aged care home facing another COVID-19 outbreak, one day after chargesAn embattled aged care home in Melbourne&x27;s north is facing another COVID outbreak just one day after charges were brought against the facility by WorkSafe.
Read more »