One mortgage broker has told Sky News that a policy, which has been in place since 2003, has had a ‘lukewarm’ response, with just 10 per cent of first home buyers using the scheme.
Craig Pope says it fills a ‘niche’ group of people: those unattractive to the banks but who can fulfil their repayment obligations. While the scheme in New Zealand requires a 10 per cent deposit, the plan announced by Mr Morrison, and backed by Labor, would allow first home buyers to purchase a house with just a five per cent deposit. Image: News Corp Australia
Source: News Formal (newsformal.com)
It works in New Zealand, but has low numbers using it due to the overpriced housing market and unrealistic expectations of firsthomebuyers
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Coalition to slash first home buyer deposits: Morrison | Sky News AustraliaPrime Minister Scott Morrison has announced a new policy that would enable Australians to buy their first home with a deposit as low as five per cent, if the Coalition is re-elected in May.\n\nScott Morrison told the convention centre audience in Melbourne that the scheme would be available to buyers with an income of $125,000 or a couple with a combined income of $200,000.\n\nHe says it would come into effect from the beginning of 2020.\n\nImage: News Corp Australia \n\n\n\n\n ScottMorrisonMP The Scott Morrison Party launch. What time is Clive on ScottMorrisonMP This guy’s up there with Israel Folau, Alan Jones and George Pell. So far up themselves they can’t see for shit, talk shit and just don’t know when to stop 🤬 ScottMorrisonMP Leave it in Church
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Coalition to slash first home buyer deposits: Morrison | Sky News AustraliaPrime Minister Scott Morrison has announced a new policy that would enable Australians to buy their first home with a deposit as low as five per cent, if the Coalition is re-elected in May.\n\nScott Morrison told the convention centre audience in Melbourne that the scheme would be available to buyers with an income of $125,000 or a couple with a combined income of $200,000.\n\nHe says it would come into effect from the beginning of 2020.\n\nImage: News Corp Australia \n\n\n 100% unworkable and unethical. Another fart bubble from the LNPshithouse. Sounds like a better way to affordable home ownership than Labor’s plan of crashing the economy There is no free lunch. If all one has is 5% then they have to borrow 95% and pay interest till the DEBT is paid off. He’s helping property developers, not first home buyers. ausvote19 AusVote2019 auspol19
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Coalition to slash first home buyer deposits: Morrison | Sky News AustraliaPrime Minister Scott Morrison has unveiled a surprise policy to help first home buyers enter the housing market during the Coalition’s official election campaign launch at the convention centre in Melbourne.\n\nUnder a re-elected Coalition government, first home buyers from 2020 will be able to buy their dream house with a deposit of just five per cent.\n\nThe scheme would be available to buyers with an income of up to $125,000 or a couple with a combined income of $200,000.\n\n\n\n\n\n\n Georgina4Mayo You are totally clueless!!!! Georgina4Mayo You have no policies Georgina4Mayo It is a stupid policy which should not proceed with any party. Borrowing 95% of an over inflated property is ridiculous.
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Morrison promotes first home buyers guarantee | Sky News AustraliaScott Morrison is starting his day in Adelaide after a whirlwind day on the hustings on Monday, which saw the Prime Minister visit three states. \n\nThe Liberal leader has been focusing on his policy to help first home buyers get their foot in the door, with his proposed deposit guarantee. \n\nWhile unable to say whether the scheme would push house prices up, the Prime Minister was quick to confirm it would not push them down. \n\nImage: News Corp Australia \n\n\n \n A PM trying to help young millennium's with a roof 😯and all they can scream is Climate Change😨 What happened to Climate Change a decade or 2 ago😯 The scientists have been telling us about it for 3 decades and ignored by all😄 Talk about disingenuous and caught again is his own web of spin. Where's the big scare campaign? Where's the histrionics? I assume your stable of neoliberal after dark commentators will get all shouty about this? Geez legendary.
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Morrison appeals to first home buyers at re-election campaign launch | Sky News AustraliaPrime Minister Scott Morrison will be celebrating his 51st birthday on Monday by hitting the hustings in Sydney after the Liberal Party launched its re-election campaign in Melbourne over the weekend.\n\nSpeaking to a packed audience, Mr Morrison announced a new policy that would slash the deposit required for first home buyers and ruled out cuts to private health insurance.\n\nFirst home buyers from 2020 under a Coalition government would be able to buy their dream house with a deposit of just five per cent.\n\nThe scheme would be available to buyers with an income of up to $125,000 or a couple with a combined income of $200,000.\n\n\n\n\n\n\n BrendanCoates Expensive by international standards. International buyers? BrendanCoates No no no....plz don’t tell me he is an expert? BrendanCoates Oh wow! I might try New York.
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Morrison defends Shorten over ‘political attack’ in The Daily Telegraph | Sky News AustraliaThe Prime Minister has come to the defence of Bill Shorten after The Daily Telegraph accused the Labor Leader of politicising his mother's life story to make a point about access to education. \n\nThe Opposition Leader took to Twitter on Wednesday to slam the publication, saying, ‘in a new low, The Daily Telegraph has decided to use my mum’s life as a political attack on me, and on her memory... they think they know more about my mum than I do'. \n\nHis statement comes after an appearance on Q&A on Monday night, where Mr Shorten described his mother as a teacher who always wanted to become a lawyer, but had to take a teaching scholarship to support her siblings. \n\nScott Morrison says, ‘this was a very upsetting story, and I can understand that Bill would’ve been very hurt by it... this election is not about our families'. \n\n\n\n annacaldwell billshortenmp You're a disgrace to journalism. annacaldwell billshortenmp Yeah, nah. You blew it. annacaldwell billshortenmp Did you get a BONUS from Rupert to write the story?
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Henderson lauds Morrison at Coalition's campaign launch | Sky News AustraliaFULL SPEECH: Liberal MP Sarah Henderson has commended the Prime Minister while taking swipes at the Opposition Leader during the official launch of the Coalition's election campaign.\n\nMs Henderson told a packed audience at the convention centre in Melbourne that only the Coalition, led by Scott Morrison, can deliver on its promises of safe borders, a strong economy and a secure future, pointing to its track record as proof. \n\nRepeating the Coalition’s advertisement line, Ms Henderson said voters have a choice between ‘Prime Minister Scott Morrison and the Bill Australia cannot afford.’ \n\nImage: News Corp Australia \n\n\n\n\n\n SHendersonMP ScottMorrisonMP Isn’t this the woman that evicted and pressed charges against a 76 year old woman from her office just wanting to talk to her about climate change? What would she know about integrity? LiberalStink 🐟🐠🐟 auspol ausvotes SHendersonMP ScottMorrisonMP This is like a bloody bingo hall SHendersonMP ScottMorrisonMP
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Scott Morrison rules out revisiting big business tax cuts | Sky News AustraliaPrime Minister Scott Morrison has ruled out revisiting big business tax cuts following the release of a new attack ad from Labor. \n\nThe advertisements suggests that if re-elected, the Coalition will reconsider the corporate tax cuts, particularly after forming a preference deal with Clive Palmer.\n\nMr Morrison says he can ‘absolutely, 100 per cent’ rule out revisiting the policy.\n\nThe Prime Minister made the promise while campaigning in the Nationals-held seat of Cowper on the NSW mid-north coast, believed to be under serious threat from Independent Rob Oakeshott.\n\nImage: News Corp Australia\n\n\n\n\n\n\n 😂 I think I may have just seen a flying 🐖
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Morrison delivers re-election pitch in Melbourne | Sky News AustraliaFULL SPEECH: Prime Minister Scott Morrison has laid out his government’s pitch to voters during the official launch of the Coalition’s election campaign.\n\nSpeaking to a packed audience inside Melbourne’s convention centre, Scott Morrison announced a new policy that would slash the deposit required for first home buyers and ruled out cuts to private health insurance.\n\nCoinciding with Mother’s Day, Mr Morrison also announced $53 million for perinatal care but made sure to trash Labor’s promise to spend big, branding the party’s plans a ‘spend-a-thon’.\n\nImage: News Corp Australia \n\n\n\n\n\n Geez well done. Why? Fair dinkum and have a go at having a go
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Morrison, Shorten to go head-to-head in pre-election finale | Sky News AustraliaPrime Minister Scott Morrison and Opposition Leader Bill Shorten are preparing to face off one final time before voters head to the polls.\n\nThe pair will battle it out at the National Press Club in Canberra on Wednesday evening, with leadership, the economy, employment, energy and immigration to be among the key topics.\n\nMr Shorten has won the last two debates. \n\nImage: News Corp Australia \n\n\n\n FRO. Thanks in that case I'll cut out the middle step and vote green. The Independents are just that - independent - but have, helpfully, made it clear to voters what their common ground is, incl those who've historically been Libs supporters but can't support LiberalAus now. IndependentsDay NoFibs auspol AusVotes
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Morrison left floundering after Liberal exodus: Phelps | Sky News AustraliaIndependent MP Kerryn Phelps says the Prime Minister didn’t have people to surround him that he ‘wanted to be associated with’ during the Coalition campaign launch in Melbourne on Sunday.\n\nDr Phelps has told Sky News that the ‘low-key’ set-up, without ministers on display, is a result of an exodus of ministers and moderates from the Liberal Party.\n\nImage: News Corp Australia \n\n\n\n\n\n\n 'Independent.' What, you mean like the extremist leftards that drkerrynphelps seems to surround herself with ? The likes of Phelps and Steggall are just liars and frauds like billshortenmp. A vote for Phelps is a vote for Labor and the terrorist Greens. auspol Soooo? What specious 'animal' do u have drkerrynphelps
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