June 29, 2016
First Home Buyers are not receiving the love from Governments that they desperately require. The focus continues to be on the First Home buyer grant and stamp duty concessions, which are carefully absorbed by developers.
Major issues which need Government intervention are:
1. Removal of Stamp Duty for First Home Buyers (New or Existing properties);
2. Removal of Lenders Mortgage Insurance for First Home Buyers.
The grant is secondary to these two major hurdles for first home ownership.