Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Borrowers to save $4 billion in four years

Staff Reporter 1 minute read

First home owners were granted a tax break by the federal cabinet this afternoon that is expected to see struggling borrowers save $4 billion in four years.

Treasurer Wayne Swan told reporters that the step was a “modest long-term measure to assist more young Australians to achieve their dream of home ownership”.

The scheme, Mr Swan explained, is expected to come into effect in the second half of 2008 and will allow low income earning first home buyers to attract a government contribution equal to a 15 per cent discount on their marginal tax rate for up to $5,000 saved.

Published: 04-02-08

 

Borrowers to save $4 billion in four years
default
TheAdviser logo

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

default

 

more from the adviser
finance education

Breaking News

Asset finance accreditation the next ‘battleground’: CAFBA

CAFBA has underscored the importance of education for brokers div...

signature

Breaking News

Brokers drive origination growth for Prospa

The non-bank’s latest quarterly figures mark a year-on-year gro...

warehouse

Breaking News

Victoria extends commercial rent relief 

The Victorian government has extended its Commercial Tenancy Reli...