The government is contributing 17% for the first $5000 you put into the savings account. Just wondering if this savings account only applies to those who have no properties under their name. i.e. What if you already have an investment property....would it still be possible to put money into this account if you next property purchase is going to be PPOR? I says that you don't get taxed if you withdraw the money for purchasing or renovating a first home.....what if you withdraw for some other purpose such as to fund an investment property? Will the tax savings be mitigated if you do this..