New deposit assistance for first home buyers – from the federal government?

FHBA Weekend Preview: 6 – 7 May 2017

As first home buyers across the country prepare for another tough weekend of dealing with difficult real estate agents and attempting to outbid investors (who always seem to have extra dollars for properties), first home buyers are praying for the government to make some changes in next week’s federal government that give them a better chance.

In the lead up to the federal government, Treasurer Scott Morrison has hinted that a ‘range’ of policies with an aim of addressing housing affordability, could be included. Meanwhile, Assistant Treasurer Michael Sukkar said on Sky News this week that there will be something that assists first home buyers save a deposit tax effectively. FHBA will report any official announcements next week with a full housing affordability budget wrap.

Sky News Australia on Twitter

@MichaelSukkarMP says any of the measures we are looking at will not emulate the first home buyers grant. MORE https://t.co/1v4i7svg25 https://t.co/N3kchs4W6E

On the ground, first home buyers are mixed. Some are still out and about, searching for their first home, ready to put in an offer if they see something in their budget. While others are choosing to wait to see if their is indeed anything in the budget.

CoreLogic is reporting that open home activity and auction activity is down ahead of the federal budget.

Want to know more about this weekend’s auction activity? Visit the CoreLogic blog.

Good luck to all first home buyers this weekend!


First home buyer homes of the week: ed. 53

With the Queensland First Home Owners Grant (FHOG) set to reduce from $20,000 to $15,000 in less than two months time, we dedicated this week’s winning properties to the sunshine state. The construction of all these properties has already been completed, meaning they are ready for you to make an offer on and receive the full $20,000 Grant.

House of the week: South Ripley

Townhouse of the week: Gailes

Apartment of the week: Beenleigh

To search through more first home buyer homes visit FHBA New Homes


Friday News Review

These are the top stories that affected first home buyers across Australia this week:

First home buyers set for tax break

Assistant minister Michael Sukkar has hinted that first home buyers will get a tax break in the May budget.

Next week Tuesday Treasurer Scott Morrison will finally hand down the federal budget. Stay tuned to FHBA News for a full analysis of new housing affordability measures expected to be announced.


House hunting with confidence

Planning on going house hunting soon but don’t know whether a bank will lend you enough funds to buy your first home yet?

You should get a no obligation loan pre-approval! A loan pre-approval provides you with written guidance of how much a particular bank is willing to lend to you. Loan pre-approvals come with no obligations to proceed, leaving you in control and importantly, attending open homes knowing what your borrowing capacity and budget is.

To organise a no cost loan pre-approval speak to an FHBA Broker from FHBA Mortgages today


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