which would give eligible applicants a commonwealth equity contribution of up to 40% of the purchase price of a new home, and up to 30% for an existing home.
The prime minister, Scott Morrison, said on Sunday that Labor was “looking to make money out of this”. “We are expanding our first homeowner guarantee to 50,000 places per annum, versus a Labor policy that is of 10,000,” the finance minister said on Sunday.
Source: Real Estate Daily Report (realestatedailyreport.net)
It is not a particularly good policy as it is inflationary. Better for the government to underwrite new high rise housing across the country in a big way.
I'm old enough to remember when Speers mentioned (2 mins earlier) that Morrison recommended the exact same initiative in 2008 And asking why was it good then, but not good now? I also remember Birmingham not answering the question...
Useless LNP has no constructive policy or ideas completely mired in corrupt ideas of Franking Credits, Tax Evasion via Trusts, avoidance of GST by creative accounting
LNP are the last people who should talk about this policy! It works, it’s needed & if thy want to talk about profit, the most disgusting example of a Gvmt profiting was at the expense of bushfire victims by LNP!!😡 in our country who had lost everything 😡
You mean earn a proposed return on investment that also, if workable, increases financial security for the lower to middle class? How awful. Strike that down immediately. Give everyone a flask of Lark instead.
LNP hates public housing but they love pampering wealthy investors on neg gearing If interest rate is up then rent'd go up too The public is subsidising prop owners with $20bils/yr in neg gearing
Criminals accuse ambulance drivers of speeding!!!
This is on brand, the coalition loves going for the solutions that make no money or fiscal sense.
Why are your comments turned off on Facebook?
Australian politics has been dominated by rising house prices for a long time. Any person in government that says they haven't profited is a liar.