Get the results that matter to you
Shopping cart
You have no items in your shopping cart.

Federal Budget 2021-22 : Real Estate

12 May, 2021 - 0 Comments

Family Home Guarantee program will help single parents buy a home.

This program allows single parents with a household income of less than $125,000 to buy a home with a deposit of just 2%. The government guarantees the remainder of the deposit. There will be 10,000 places available from 1 July 2021


New Home Guarantee program

This program allows first home buyers to build or buy a new home with a deposit of just 5% with the government guaranteeing the remainder of the deposit


First Home Super Saver Scheme (FHSSS)

Anyone seeking to save a deposit for their first home can make voluntary contributions to their superannuation fund, capped at $15,000 a year, to take advantage of the special tax treatment of super. The maximum they can save under the scheme is $30,000. That cap has been raised to $50,000 in the Budget


Post-tax downsizer contribution to super when Older Austraiians sell their family home.

From 1 July 2022 the minimum age will be lowered from 65 to 60. This policy is designed to encourage downsizing and free up larger homes for families

Comments (0)

Federal Budget 2021-22 : Real Estate

The federal government has announced its Budget for the 2021–22 financial year. Family Home Guarantee program will help single parents buy a home, New Home Guarantee program, New Home Guarantee program, First Home Super Saver Scheme (FHSSS), Downsizer contribution to super.