Fast-tracked tax cuts for 11 million Australians, wage subsidies for young workers, business incentives and a leg up for many first home buyers looking to get into the property market underpinned last week’s big-spending federal budget aimed at creating jobs to drive Australia out of the COVID-19 recession.
The First Home Loan Deposit Scheme extension will increase the opportunity to own a home to thousands more people. It will unlock even more investment and further activate residential building as the engine of economic growth and employment.
Read more: Ray White Now Vol. 22 – Digital
After the intense crazy year, record-low borrowing costs and government efforts to stimulate the economy, the Australian housing market finished 2020 on a high and is primed for further growth in 2021. Read full article: Ray White Now – January Edition
Melbourne house prices could rise 10 per cent this year in a post-COVID-19 recovery as property experts predict a “family pandemic” will put sellers in control. Time limited incentives of up to $54,000 for some buyers building a new home are also expected to provide the “perfect storm” for the … Read more