The premium suburbs now in reach of first home buyers | jcollett_money
Sydney lifestyle hotspots, including Cronulla, Dee Why and Surry Hills, plus dozens of additional suburbs in Melbourne, will qualify for the first home buyers’ low-deposit scheme when the purchase price caps increase on July 1.for Melbourne and Victorian regional centres. The cap for Sydney and NSW regional centres will increase from $800,000 to $900,000.
“The other question is whether the increase in the caps pushes up prices in the premium first home buyer areas,” he says. t the higher low-deposit scheme caps, as it has been calling for some time in the face of the surge in prices over the past two years.the number of places available in the scheme. The budget also included more assistance for regional property buyers, including non-first home buyers, to be introduced from October 1.a year in regional Australia to buy a home.that would build 30,000 new social and affordable housing properties in its first five years.The Coalition has promised to provide an additional $2 billion in low-cost financing to Community Housing Providers, to build new social and affordable rental dwellings.
Some analysts are expecting the slight falls in property prices in Sydney and Melbourne that have occurred so far this year to pick up as rates rise.
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