Another 10 Thousand Places added to Morrison Govt First Home Loan Scheme …

10 THOUSAND PLACES ADDED TO GUBMINT’S FIRST HOME LOAN SCHEME

BUT how can that be enough? 

THE AUSTRALIAN:  Budget 2020: New homes key to our lost population

WELL … WELL … there you have it in the Headline!

BECAUSE … High Immigration and Permanent Resident Visa Manipulation have locked out Australian First Home Buyers …

SUCH Permanent Residency Visa lure has drawn hundreds of thousands of overseas home buyers since the late 1990s when the Howard Government made changes to our Immigration Policy for the Chinese Middle Class to invest in our education and real estate to gain “flexible citizenship”

AND since then the vast range of Visas offering Permanent Residency when Temporary Visa Holders bought our ‘new homes’ …

SUCH INFLUX rendered aspiring Australian FHBs locked out … by the overseas competition and ‘hot money’ to boot ….

TONIGHT on the ABC NEWS Jason Clare, Shadow Minister for Housing and Homelessness, was interviewed … but sadly no transcript or video can be found! 

THE GIST of what he had to say was that this was nowhere near enough … a mere extra 10,000 FHBs eligible for a home loan with a 5% deposit  … he said compare that to the support given by Labor following the GFC …

FURTHER that all aspiring First Home Buyers should be given the benefit … not a mere extra 10 thousand!

SO why only an additional 10,000 places for a scheme allegedly designed to make it easier for first home buyers to purchase a home with a 5 per cent deposit?

WHAT other Plan does the Federal Government along with the MBA, the PCA, the UT, the UDIA, and the Property Investor Lobby Groups have waiting in the wings?

WITH their appetite whet for more?

WHEN concrete form workers are atop the BRW Rich List … is this about ‘wealth envy’?

IS this about this Cohort boosting their coffers through Build-to-Rent? Will it be a modern day feudal system … rendering a whole Cohort of young Australians to become life-long tenants, is that what this is about?

OR will the Morrison Government ensure that the avenue will be there for

tenants to purchase a home?

READ a little more from the ABC:

https://ab.co/34mvyYc