More bribes for First Time Home Buyers, which actually work AGAINST housing affordability, and are another example of “unnatural acts” to keep the bubble going.
The Tasmanian state government will take over from “the bank of mum and dad” to help young home buyers achieve their dream of owning a place of their own.
The revamped Housing Market Entry Program will mean potential purchasers can buy a home with as little as a two per cent deposit — and the government will kick in up to $200,000 of the purchase price as an equity contribution.
It would mean an eligible applicant wanting to buy a $500,000 home could do so with a deposit as low as $10,000 and a mortgage of $300,000.
“The government will actually provide people with the opportunity to have the government as an equity partner, in the first home, either build or purchase.”
Go to the Walk The World Universe at https://walktheworld.com.au/
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