Albanese’s $800m boost for Help to Buy housing scheme | 9 News Australia

I think they are targeting ppl who cant do the math. if you actually do the math, you see that its a better option to just rent and put your money into a basic bank account earning 3-5 percent interest than to use this scheme and get docked 40% once you sell to cashout … By that time all the people in gov will be long gone and you will be left with your losses …

An important thing the govt. can do to better regulate the housing market is to have what they call as 'Non-Recourse' home loans on primary homes (they have it in USA). A major concern for many buyers is a market fluctuations. If they have 'Non-Recourse' loans at least that some confidence about their liabilities and be able to purchase a home. The 'Non-Recourse' home loan is where if someone has a default of their loan, then the bank can only take the house and nothing else from the person taking home loan (you can google it)

Another approach could be to provide a minimum base support price on a primary home. This will also provide some confidence to buy. In this approach, the primary home buyers are guaranteed the base price (same as original purchase price) on sale of their home.

if they can do it without affecting credit scores that will change the game for everyone. Of course this should go with proper lending assessment of repayments.

Garbage plan

Imaginne being a debt slave for a modular home, in a prefabbed home that has no character,, with no back yard, just 4 walls and a fence for 40 years, this country no longer cares for the well being of it citizens, it just a ponzi scheme

If you put more money into market houses will become even more expensive.

Solution that will help with the problem: all regional towns where houses are still more affordable need to have plenty of new land released so people can build houses in more affordable areas.

The government focus needs to be on moving more services and infrastructure into those many towns so people want to live there rather than in the overcrowded capital cities.

Great, this $800 million will boost house prices at the lower end!

"runaway housing market" – ummm …looked at the numbers thaat arrived in the country in thr last 2 years. Supply has not changed by such a rate.

Budget: Put 25x on outlay. NDIS started at $3B and is now $44B

Over 1000 days lost, gov wont achieve target. (Fleetwood Uareslka study)

…well. have more housing starts. Not look at the vilumes of existing levels ans say targets wont be sfhieved . 🤔🤨

Tell the bots "rain" is the reason why houses are not being built. Not that there are no investors

Despite the economic recession, I no longer depend on Government Grants since I acquire $60,400 monthly profits.

Anyone notice how Albanese’s new Copacabana home isn’t a tiny or modular home? It’s a $4.3m home that was a 5 star Airbnb destination. Champagne socialism at its best.

$50 million 😂😂😂😂

The problem they have created, now going to destroy it completely! Sounds like communism to me.

on the streets there are sold signs everywhere, houses for sale don't last many weeks. they are all sold within weeks. how good the property market is we all know. what is the boost for the property market needed. maybe out of minds. or his property should be more expensive it seems like what he wants.
the Super would be for the Super inflation cycle generator i believe,

But it's not affordable housing and this is the main concern. Module homes hey that will help, on a say 250 square block. You should have room to grow a few weeds. That's the other problem they say 3 and 4 bedroom houses but you can't swing a cat in a room. You might get a small shed in the backyard. Only room for a small car in the garage. That's only if you don't put any collectables or anything in there. Now I know why they built 3 massive storage facilities recently in my area. Within a KLM radius of each other. You can't fit your stuff at home so put it in storage for over $300 a month. The PEOPLE of this COUNTRY are being held to RANSON. By the Govt, Big Business, and Developers. If you can't see see that your blind. They have all the control. That's how SAD this COUNTRY has become

so a person earning 101k can never buy a house what a joke scheme

There is only 1825 days in 5 years how was construction stopped for 1900 days?

This will backfire

Make taxpayers money to boost inflation
Another leftard idea

So the rich who own homes refuse to sell them for a reasonable price and elect politicians who ban building more houses, then they spend your children's future in government payout schemes so you can afford to make the rich even richer buying a house that you will never own. Pretty sick if you ask me.

Worst umpires in afl history. The AFL is turning into a Maga organisation. Do something about thee umpires and make it fair . T

Plz learn Singapore. House is for living not investing.

The government doesn't want the properties to collapse. So thr bankers can get a higher interest

Anything to keep the bubble inflated!
Literally every intervention the government has made with real estate has been detrimental to young people. They act like they’re doing you a favour but all they’re doing is making the problem worse.
*Capital gains tax discount
*First home buyers grant
*Negative gearing
*Artificially low interest rates
*Help to buy scheme
*Stamp duty concessions and exemptions
They all pushed the prices up by silly amounts.
Homes should be half what they are now and interest rates should be higher.

Labour – getting more Aussies into trailer park homes – hooray

This is a band aid solution, you will see investors make use of this to generate rental income through proxies.

I rather we not have any subsidies and instead use those $63 billion to invest into construction labour force, building more home materials, modular home, and building electricy, water, sewerage and NBN pipeline to new land releases.

If a renter buys a house a rental is freed up. I'd love this! Its a choice between shared equity with the bank. Or you own 2 pc with a 58% mortgage and a 40% ownership by the government.

So let's say a house 100k you only pay interest on 58% of the property! That's awesome!

trump gonna devalue your homes anyway 😂

Homelessness has increased, and First Nations peoples are still struggling in NT and remote places. Didn't address or fix our own issue, how tf are they gonna fix others???

Vote socialism. End capitalism alltogether. Vote for the working class!!

Any ‘government hand out’ is a taxpayer hand out. You taxpayers will pay for others to buy a home. People you don’t even want around. People you didn’t ask to come there.

Qantas, Virgin, Netflix and Canva among 1,200 major companies that paid no income tax in Australia in 2022-23.1 Nov 2024
Maybe companies must pay taxes in Australia.
Government compensate with extra taxes on people.

Qantas, Virgin, Netflix and Canva among 1,200 major companies that paid no income tax in Australia in 2022-23.1 Nov 2024
Maybe companies must pay taxes in Australia.
Government compensate with extra taxes on people.

STOP FEEDING INFLATION! Only the people at the top make money from this Bs.. Support career change mature age apprenticeships – pay them a livable wage worth changing jobs for!!!!! We have a cost of labour issue. Labour cost is out of control in Australia. Fix the problem from the bottom, don’t just feed the top.