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A new plan to ease the Affordability Crisis

Discussion in 'Real Estate' started by Jacque, 3rd Sep, 2007.

  1. Jacque

    Jacque Team InvestEd

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    FIRST-home buyers would receive almost $25,000 in tax breaks over five years – on top of the existing $7000 grant – under a plan to stem the housing affordability crisis.

    Aussie Home Loans boss John Symond said yesterday he had presented Prime Minister John Howard with a solution to the problem because years of political buck passing had led to inaction at all levels of government.

    For the full article, read Aussie John's cure for housing crisis | NEWS.com.au Business
     
    Last edited: 10th Sep, 2007
  2. Meggsy

    Meggsy Well-Known Member

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  3. Dr Lobster

    Dr Lobster Well-Known Member

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    Sounds great, though they need to legislate against stupidity at the same time.
     
  4. Rob G.

    Rob G. Well-Known Member

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    Yep ... instead of buying an entry level property you can now step up $25k.

    Which means existing occupiers can add $25k to their selling price and upgrade as well.

    More wads of cash (or deductions) to fan the flames of desire and inflation.

    Rob