Finance in Focus Portal
Labor announces 5 per cent deposits for all first home buyers and build 100,000 homes
Labor have announced a significant election policy, which will give all first home buyers access to 5 per cent deposits and invest $10 billion to build up to 100,000 homes for sale only to first home buyers.
Coalition announces First Home Buyer Mortgage Deductibility Scheme
The Coalition has announced that, if elected to Government, first home buyers will be able to claim a tax deduction on mortgage interest payments for new build homes under a new First Home Buyer Mortgage Deductibility Scheme.
Government bans foreign purchases of established homes
The Government has announced new measures to address housing market pressures by banning foreign investors from purchasing established homes for at least two years and cracking down on land banking.
APRA proposes updated approach to HELP debts
The Australian Prudential Regulation Authority (APRA) has announced a consultation on proposed changes to how banks treat Higher Education Loan Program (HELP) debt repayments when assessing home loan applications.