New loan commitments for housing rose 10.5 per cent to $28.8 billion in January 2021 (seasonally adjusted), reaching another record high, according to.
A fundamentally flawed proposal to bust open super for first home buyers housing deposits could hike the nation's five major capital city median property.
ABC Everyday
Amanda lost her home in a bushfire, but her insurance covered the costs.
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Amanda Scully s family always had a fire plan.
But by the time the bushfire had ripped through their NSW town of Malua Bay on New Years Eve in 2019, plan A quickly became plan C. Our home was completely destroyed. There was nothing left, she says.
For Amanda, having insurance was worth it for the temporary accommodation cover alone. We had to live somewhere else in a lease of $550 a week. So to have to pay that on top of doing the rebuild, that would just be too much.
Date Time
Continuing to deliver for Australia’s first home buyers
Helping Australians get into a home of their own and supporting tradies’ jobs are both key priorities for the Morrison Government as we build our comeback from the COVID-19 recession.
The Morrison Government’s First Home Loan Deposit Scheme has delivered for first home buyers by helping them get into their own home sooner with a deposit of as little as five per cent.
As part of the Morrison Government’s Economic Recovery Plan to create jobs, rebuild our economy and secure Australia’s future, the Scheme was extended so that an additional 10,000 first home buyers could purchase or build a new home with a guaranteed loan until 30 June 2021.