Extension of the First Home Loan Deposit

Discussion in 'Property Market Economics' started by Hari Yellina, 7th Oct, 2020.

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  1. Hari Yellina

    Hari Yellina Well-Known Member

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    Extension of the First Home Loan Deposit.
    The rising tide will lift up most low priced homes. Screen Shot 2020-10-07 at 12.19.20 pm.png
     
    Hari Yellina, 7th Oct, 2020
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  2. Lindsay_W

    Lindsay_W Well-Known Member

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    Lindsay_W, 7th Oct, 2020
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  3. jaybean

    jaybean Well-Known Member

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    The wording still isn't clear to me. Some of the articles I've read sound like it says 10k extra places to the EXISTING scheme (which is not limited to new builds), plus an additional 10k places (which are limited to new builds).

    I'm still very confused. I've read a few articles and there's some slightly vague language in some of them.
     
    jaybean, 7th Oct, 2020
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  4. Lindsay_W

    Lindsay_W Well-Known Member

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    Get info straight from the source
    10,000 more FHLDS places for 2020-21 - NHFIC
    Helping an additional 10,000 first home buyers | Treasury Ministers
    It's for new or newly built, says it there on the website - it's 10,000 new places in addition to the 10,000 released from 1 July this year (which have already been allocated)
     
    Lindsay_W, 7th Oct, 2020
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  5. jaybean

    jaybean Well-Known Member

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    jaybean, 7th Oct, 2020
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  6. Maximus

    Maximus Well-Known Member

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    It was said on ABC news today that 90% of previous allocated spots had been for established properties. With only new builds now eligible im guessing there will be less pressure on established stock.
    There was a point where the speaker said the cap should be scrapped completely.
     
    Maximus, 7th Oct, 2020
    #6