What changes will the Federal Election bring for Australia? (finance/housing focus)
Some policies announced in campaigns so far:
➖ Help To Buy Scheme, where the government takes % equity in property
➖ Banning non-residents buying existing housing for 2 years
➖ Accessing $50k Superannuation for First Home Buyer deposits
➖ $5B Funding speed up infrastructure at development sites
➖ Modest income tax cuts for all taxpayers
➖ Fuel Excise Tax - temporarily halved
➖ Increased instant asset write-off, for small businesses
➖ Repeated $150 rebate on electricity bills
➖ HECS/HELP slashed by 20% across the board
Some interesting policies amongst many more! But nothing structurally ground-breaking.
Lets follow campaigns over the next few weeks, where we land, and which of these promises can be delivered to support Aussie's cost of living stress - being the highest ranked concern of households right now!
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Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
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