What could be on the horizon for buyers?

October 28th, 2021

Ahead of elections next year, the Real Estate Institute of
(REIA) have released a policy wishlist to help first home buyers and
investors across Australia. So, what’s on the wishlist for first home buyers and are
these wishes likely to be met?

For first home buyers the REIA wants:

  • Long term support and expansion of the FirstHome Loan Deposit Scheme
  • Continued expansion of the First Home Super SaveScheme
  • Tax-deductible interest rates for the first fiveyears of a first-home buyer’s loan
  • Free financial advice for under 30s

This wishlist is designed not just to help first home buyers
in a tight market, but to help the economy withstand the sustained impact of
the COVID-19 pandemic.

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