First home buyers are winners in this Federal budget

May 10, 2017
Marvin Coleman

I love this "quick view" analysis of Federal Budget winners and losers by the ABC.

As for property buyers, the change is for First home buyers.  ABC says "They'll be able to use voluntary contributions to their superannuation to save for a house deposit. Withdrawals will be taxed at a lower rate, but the amount you can contribute is capped at $15,000 a year and $30,000 all up. Both members of a couple can take advantage of the scheme."

This, combined with changes in Victorian stamp duty and First Home Buyers Grant, are welcome changes for those seeking to get their first foot on the property ladder.

As ever, please call me with any questions. 

Cheers Marvin

Posted in: First home buyers

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