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Morrison Vows to Cut Aussie First-Home Owner Deposit to 5%

Owner Home Financing Morrison Vows to Cut Aussie First-Home Owner Deposit to 5% – Morrison’s First home loan deposit Scheme would start on Jan. 1, and the value of homes eligible would be determined on a regional basis. The program would prioritize loans from smaller lenders in an.

Under the Morrison scheme, those who saved at least a 5% deposit would be able to take advantage of the guarantee. Deposits of 20% are often required to buy a house. The plan, which would start on January 1, would be directed to first home buyers earning up to A$125,000 a year, or $200,000 for couples.

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Morrison Vows to Cut Aussie First-Home Owner Deposit to 5% (Bloomberg) — Australian Prime Minister Scott Morrison committed as much as A$500 million ($350 million) to cut costs for first-home buyers, seeking to boost his chances of re-election with his government trailing in opinion polls before an election on Saturday.

The Government has a dream that Australia will be a nation of lifters, not leaners, so it should be happy with recent data showing we lean less than we used to, writes Greg Jericho. If there is one.

As the debate continues on superannuation policy and ideas like allowing low income earners to opt out of compulsory payments, Open Drum asked readers how they envisioned their retirement. For Tara.

Scott Morrison has delivered a basket of budget goodies to keep disabled people, schools, pensioners, GPs and first home buyers happy. as housing deposits to a total of $30,000 a year. He’s also.

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Official unemployment figures last week show a concerning rise in youth joblessness, with more than 18.5 per cent out of work. Even worse, the participation rate – those actively seeking work -.

Enter the Reserve Bank with its decision to cut the cash rate to an unprecedented low of 1.5%. Assuming the banks are ready to pass on the change to their customers, this is great news for first home buyers who have their deposit and are ready to move.

In particular, his call last month to cut interest rates on the very day Scott Morrison was delivering his first budget. we pay for imports – which fell 1.9 per cent in March and 11.5 per cent.

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