Join our investing community

$3K extra for FHO's

Discussion in 'Real Estate' started by Jacque, 9th Jun, 2006.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Read in yesterday's news that the NSW Opposition leader is suggesting an extra $3K for first home owners on top of the existing $7K FHOG. Naturally, this will possibly form part of their major policy commitments for next year's state election :rolleyes:

    Investors may also be in for a break, as a $4K stamp duty concession could apply if the investment is to be used for low-cost rental accommodation (no futher guidelines yet on what this will actually constitute)

    Interesting how all the cash payment promises come up prior to important political events..... :rolleyes:
     
  2. Smartypants

    Smartypants Well-Known Member

    Joined:
    2nd Jun, 2006
    Posts:
    226
    Location:
    NSW
    ............and then seem to mysteryiously disappear after the election with the introduction of new/different taxes. Robbing Peter to pay Paul.