In this article, our expert lawyers cover what you need to know and the implications of the 2021-22 Federal Budget which was released earlier this week.
Housing
The federal budget is very supportive of the housing sector and is trying to address the issue of housing affordability but will also be of assistance to the housing industry as a whole and those that service the sector.
For example, the expanded new home guarantee scheme will enable eligible single parents to acquire a home with a 2% deposit. The expansion of the home builder scheme for another 12 months will assist with the cost of building new homes and home renovations. The ability of first home buyers to tap into more of their voluntary superannuation contributions will also be of assistance.
