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Showing 21 - 30 of 170 results for "First Home"

Generational home ownership gap widens

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
... people buying a home before 30 has almost halved over the generations, finding just 34% of Millennials had bought their first home by the age of 30, compared to 62% of Baby Boomers and 42% of Gen X. It also found that while 92% of Baby Boomers were no ...

Super should help secure home loans: Inquiry

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The inquiry into housing affordability and supply in Australia has recommended first home buyers be able to use their superannuation as collateral for a home. The House of Representatives Standing Committee on Tax and Revenue tabled its report following ...

2021 lined homeowners' pockets: Data

JAMIE WILLIAMSON  |  THURSDAY, 3 FEB 2022
... you have a house, super and maybe some shares, you're sitting pretty. But this doesn't make it any easier for first home buyers."

Super for home deposits could ignite new boom

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... has been advocated for by a range of federal government MPs, including Tim Wilson. Under a 2017 budget initiative, first home buyers can make additional voluntary contributions to their super and then withdraw that money - enjoying a tax benefit - to ...

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
... the bill, the maximum amount of voluntary contributions that people are able to release from their super under the First Home Super Saver Scheme will increase from $30,000 to $50,000, empowering more Australians to save effectively for their first home ...

Lending curbs to impact housing market

ELIZABETH MCARTHUR  |  THURSDAY, 30 SEP 2021
The Reserve Bank of Australia has suggested it may shift policy to cool the property market in 2022, likely to result in homebuyers being able to borrow less. BuyersBuyers co-founder Pete Wargent said that this time around the rules will mostly impact ...

Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
... investment from overseas, again with a focus on new builds. Unsurprisingly, ISA is vehemently opposed to the suggestion that first home buyers should be able to access their superannuation early to buy a house. "There is widespread agreement among housing ...

Finfluencers ensnare female Millennials

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... movement reflects a new trend of Millennials trusting online sources to make significant life decisions like buying a first home, investing in shares for the first time or re-assessing the best superannuation options. "Finfluencers are stepping in where ...

Homebuyer schemes speed up saving time

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
... research shows. Commonwealth Bank data shows customers have bought property on an average of 4.78 years faster using the First Home Loan Deposit Scheme (FHLDS) or New Home Guarantee (NHG). CBA customers in NSW saved an average of 5.05 years followed ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... its predecessor. The removal of the $450 income threshold, lower age for downsizer contributions and changes to the First Home Saver Super Scheme were the big changes in the budget. The work test is also proposed to be abolished for those aged between ...