Extension, price-cap increase of First Home Loan Deposit Scheme ‘reflects’ expensive prices | Sky News Australia

03/10/2020The government's announcement of an extension and price-cap increase in Melbourne and Sydney for its First Home Loan Deposit Scheme reflects the expensive nature of those markets, REA Group Chief Economist Nerida Conisbee says. The scheme will be extended to a further 10,000 Australians – allowing first home buyers to get a loan for a home with a deposit as low as five per cent. Ms Conisbee gave a run-down of some areas people can find a bargain.

“We track views per listing on a suburb basis around Australia every month, so it does give a fair idea as to what is popular and what isn’t,” she said. “In Melbourne there are some areas that are always very popular: you’ve got area like Forest Hill and Box Hill which always rank in the top 100 in Australia but have really plummeted in terms of popularity – primarily due to the fact they do have high proportion of overseas-born.

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Tax payer money should not be spent speculating on unproductive and illiquid plots of dirt that are not supported by incomes and already shaking under a mountIan of pointless debt

Too Little, Too Late The market has been so inflated by overseas investors that owner/occupiers & first home owners are prices out of the market. springst auspol

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The government's First Home Loan Deposit Scheme is being extended by 10,000 placesThe federal government's First Home Loan Deposit Scheme will be extended to allow another 10,000 Australians to benefit when buying a new or newly built home. Is additional debt a 'benefit'? This is yet another fraudulent program designed to benefit rich builders. Owner builders are excluded yet they spend the same money in construction.
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10,000 places added to Government's first home loan schemeThe Federal Government will add an additional 10,000 places to a scheme designed to make it easier for first home buyers to purchase a house with a small deposit. Real estate and house prices are the ONLY policy the LNP have. More idiotic taxpayer funded subsidies that immediately get absorbed into the pricing of new homes. The gvt needs to get out of subsidies and form policy that makes it easier to open up land for subdivision, or encourages density.
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