Buying a home is 'never easy': Morrison

Asia's Tech News Daily

Buying a home is 'never easy': Morrison

Scott Morrison insists buying a home has never been easy as concerns grow property ownership dreams are becoming impossible.

The prime minister pointed to federal government schemes to help first home owners and renovators as actions to curb the affordability crisis.

“Buying a home is never easy,” he told Melbourne radio 3AW on Wednesday.

“Everyone who has gone through that at whatever stage of life. It's very, very difficult.”

The First Home Loan Deposit Scheme will this financial year offer 10,000 eligible buyers a chance to enter the market with as little as a five per cent down payment.

An initial round offering the same amount of places was filled within two months of opening.

The scheme was expanded in the last federal budget alongside a new program to allow single parents to build a new home or purchase an existing home with a deposit of as little as two per cent.

“That's making a huge difference for first home buyers,” Mr Morrison said.

He said the now-closed HomeBuilder scheme, which provided grants for building new homes or major renovations, had been a success.

“Our Home Builder program, which was rubbished by the Labor Party, has got tens of thousands of people particularly into their new homes.”

Earlier in the week, global credit rating agency Moody's analysts said housing affordability had deteriorated over the past year with Sydney and Melbourne the worst hit.

It warned an inflation shock in Australia would make it even harder for people to enter the housing market if it resulted in higher interest rates.

On Wednesday, the government introduced a bill to parliament to increase the limit on the maximum amount of voluntary contributions made over multiple financial years that are eligible to be released under the First Home Super Saver Scheme from $30,000 to $50,000.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Boy, 15, accused of shooting four dead at his Michigan high school probably had gun in his bag during meeting about his behavior with his parents and teachers just before the massacre

Michigan gunman Ethan Crumbley likely had a weapon on him during a behavioral meeting with his parents, school officials hours before the rampageCrumbley, 15, killed four students at Oxford High School Tuesday in an 'absolutely cold-hearted' attackThe first behavioral report from Monday came after 'a teacher in the classroom where he was a student saw and heard something that she felt was disturbing On Tuesday - just hours before the shooting - 'a different teacher saw some behavior that they felt was concerning, and they brought him down to an officeThere, Crumbley had a meeting with school officials, called in the parents, and ultimately it was determined that he could go back into class' Oakland County Prosecutor Karen McDonald said there was 'very strong possibility' that Crumbley had the weapon on him during that Tuesday meeting Police said that on eve of the killings, Crumbley recorded a video saying he was planning to launch an attack Four kids were killed: Justin Shilling, 17, Tate Myre, 16; Hana St Juliana, 14; and 17-year-old Madisyn Baldwin  Read more »

'Dictator Dan' loses his SEVENTH MP in as many days as the Andrews Government is left in tatters after another shock resignation - as former minister says it's a 'sign' of the state of the party

Jane Garret is latest Victorian Labor MP to confirm they're quitting parliament Six Labor MPs announced departure from politics across three days last monthMP Mark Gepp confirmed on Thursday he's not seeking re-election tooDan Andrews' controversial pandemic bill  passed parliament on ThursdayIt needed the support of crossbench MPs to make it through the upper house  Read more »

Fleet Space to launch 3D-printed satellite

The world's first fully 3D-printed satellites will be made in Australia, according to Fleet Space Technologies. The Adelaide-based space start-up's growth strategy released on Friday included the new 3D-printed “Alpha” ... Read more »

Business, industry consider climate truce

Most business and industry leaders are welcoming a possible political truce on climate policy and the prospect of cleaning up the economy. “Australia's net zero commitment is bipartisan, that means ... Read more »

Ex-Greens candidate admits child abuse

A former Greens federal election candidate took an “active involvement” while a young girl in the Philippines exposed herself via a video cam, a court was told. Jonathan Doig, 59, ... Read more »

Call for WA Nationals MP James Hayward to quit parliament over child sexual abuse charges

West Australian MP James Hayward is being urged to quit parliament, having resigned from the WA Nationals after he was charged with multiple child sexual abuse offences. Hayward, who was ... Read more »

“Something relatively simple like driving electric and can therefore be of significance for the climate, why not?”

Being around 38ste Caspar Schoenmakers asked himself the following question: am I going to work for another thirty years or am I going to start a company in the field ... Read more »

Alleged rapist said 'you're my mummy now'

A 35-year-old man who allegedly raped a 57-year-old woman and told her “you're my mummy now” in southwest Sydney was deemed a high-risk to society and had his bail revoked. ... Read more »

Climate Council warns of summer of floods

Australians could be in for another summer of floods as climate change amplifies wetter-than-average conditions caused by the La Nina weather pattern, the Climate Council has warned. The climate action ... Read more »

Over 800,000 Australians dabble in crypto

Another 200,000 Australians have joined the ranks of cryptocurrency investors this year, according to the tax office. Up from an estimated 600,000 in 2020, the latest data shows there are ... Read more »

Roberts-Smith's case to resume in February

Ben Roberts-Smith's defamation trial will resume in Sydney on February 2 after months of delays caused by COVID-19 lockdowns and border closures. His lawsuit against The Age, The Sydney Morning ... Read more »

No jail over Tas teacher aide's sex abuse

A former teacher's aide in Tasmania who breached her position of trust and sexually abused an underage past student has received a suspended jail sentence. The woman, who was 43 ... Read more »

Child deaths in NSW state care rise to 100

The number of children in NSW government care when they died has risen for the third year running, with 100 children known to the state dying in 2020. The government's ... Read more »

WA hospital death amid water contamination

A terminally ill patient who died at a Perth hospital had contracted Legionnaires' disease after deadly bacteria was found in the facility's water supply. Officials have confirmed a post-mortem of ... Read more »

Maguire's ICAC stint costs taxpayers $26k

NSW taxpayers have chipped in more than $26,000 in legal fees for disgraced former MP Daryl Maguire as he is investigated by the state's corruption watchdog. The former member for ... Read more »

Qld stabbing murderer jailed for life

A big sister's horrific discovery of her brother's body after he was stabbed in the neck and left to die has been recounted in court as the 26-year-old offender was ... Read more »

Underinsurance compounds disaster scenario

Insurers and governments face a “disaster scenario” of compounding catastrophes made more challenging by underinsurance, climate risk experts have warned. Former NSW fire and rescue commissioner Greg Mullins told a ... Read more »

Rain clouds offer silver lining to farmers

For crop farmer Xavier Martin the recent one-in-50-years or more flood event has brought mixed fortunes. He says the damage bill to NSW producers will sit at around $2 billion, ... Read more »

Read Theo Hayez's Facebook messages to his close mate the night he disappeared and the chilling moment he stopped answering - as inquest hears someone opened his social media AFTER he vanished

Theo Hayez's childhood friend Lou Gymorey recalls final text messages with him They discussed one of his favourite bands U2 coming to Australia Eventually three of her messages to him went unanswered after 2am Shannon Mackie was the guard who removed Theo Hayez from Byron Bay clubHe said friends of intoxicated patrons were told their friend was outsideMr Hayez shook his head, waved his hand and left the courtroom at this point  Shannon Mackie said that on CCTV footage, Theo did not appear drunk Guard Brad Hill said he may have been mistaken Theo's speech was slurred   Read more »

Boring end to parliamentary sitting week

Who says politics is boring? Scott Morrison has unveiled a new tunnel boring machine, named Kirsten, at the Snowy Hydro 2.0 project. “Snowy 2.0 is building on the proud legacy ... Read more »

Sydney shooter found guilty of murder

A man has been found guilty of murder after shooting another man in the back while wearing a balaclava at an apartment complex in Sydney's west. Marko Krivosic, 31, faced ... Read more »

'It's hell': Maryam Hamka's brother speaks

Hassan Hamka doesn't believe he will ever see his older sister, missing Melbourne woman Maryam Hamka, ever again. The last time they spoke she cut his hair and they had ... Read more »

Murder charge over Tas double stabbing

A 44-year-old man has been charged with murder over a double stabbing at a home in northern Tasmania last week. A man aged in his 30s died, while a woman, ... Read more »

Unvaccinated Clive Palmer can attend trial

Billionaire Clive Palmer will be able to be present in a Sydney courtroom for his defamation trial despite being unvaccinated against COVID-19. He is suing WA Premier Mark McGowan in ... Read more »

Australian vehicle market in November

AUSTRALIA'S TOP-SELLING VEHICLE COMPANIES AND VEHICLES IN NOVEMBER: COMPANIES: Toyota 15,239 Hyundai 6854 Ford 6215 Mitsubishi 5720 Mazda 5295 Kia 4915 MG 3743 Nissan 3509 Volkswagen 3098 Subaru 2712 VEHICLES: ... Read more »

Aust shares yet to match Wall Street gains

Shares on the ASX have yet to match big gains on Wall Street overnight, although commodity stocks started the day well. The Australian market was 0.16 per cent higher on ... Read more »

WA Nats MP suspended over sex abuse claims

West Australian state Nationals MP and former federal party vice-president James Hayward has been suspended from the party after being charged with child sexual abuse offences. Hayward, who was elected ... Read more »

Vehicle sales dip amid supply issues

Australia's new car market continues to battle supply issues, with sales falling by 15 per cent in November. But the sector remains on track to retail more than one million ... Read more »

Four new COVID-19 cases detected in ACT

Four new cases of COVID -19 have been detected in the ACT during the past reporting period. The case numbers were one of the lowest daily figures since the Delta ... Read more »

Tiny terrorist's nearly 50-year sentence

A convicted terrorist serving a four-decade sentence pretended a Victorian jail's deradicalisation program had worked so she could secretly plan another attack. Momena Shoma, nicknamed the Tiny Terrorist over an ... Read more »

Former boss of missing model charged

The former boss of missing Sydney model Revelle Balmain is among five men charged after police uncovered an alleged criminal syndicate while investigating her disappearance. Ms Balmain was 22 when ... Read more »

Theo Hayez's upset father STORMS OUT of inquest into his disappearance as security guard gives evidence about how bar treated drunk patrons

Theo's father Laurent Hayez stormed out during evidence by a security guard Shannon Mackie was the guard who removed Theo Hayez from Byron Bay clubHe said friends of intoxicated patrons were told their friend was outsideMr Hayez shook his head, waved his hand and left the courtroom at this point  Shannon Mackie said that on CCTV footage, Theo did not appear drunk Guard Brad Hill said he may have been mistaken Theo's speech was slurred   Read more »

BREAKING NEWS - House PASSES stop-gap bill 221-212 to fund the government through February 18: Bill now goes to the Senate where Republicans could still force a shutdown before midnight on Friday

The House passed a bill to fund the government through February 18 on Thursday evening, though a shutdown on Friday still looms thanks to anti-vaccine mandate Republicans in the Senate.  ... Read more »

Bid to ban Melbourne horse-drawn carriages

Horse-drawn carriages could be banned from Melbourne's busy inner city streets, under a Victorian government proposal. Carriages would not be permitted on public roads in the CBD area, bound by ... Read more »

'Disruptor' Biripi takes on food giants

Indigenous private equity firm Biripi Capital is ready to be a “disruptor” with an aggressive plan to take on the food giants. Founded last year, Biripi Capital has signed a ... Read more »

Smarter buildings tackle health and energy

Imagine a building that knows when to flush out deadly air. Building technology 'evangelist' Brian Turner says he wants to create comfortable spaces that people feel safe coming back to ... Read more »

Flood waters tipped to peak on Qld border

Queensland border towns remain on high alert as a clean up continues in the state's flood-hit south. Goondiwindi and Boggabilla are on standby, with major flooding predicted for the border ... Read more »

Profile: Susan Arnold (67) is the first woman ever to receive the gavel at Disney

Premium The best of De Telegraaf Through Martijn Klerks 20 min ago in FINANCIAL Susan Arnold (small photo) becomes president of Disney. In Disney’s fairy tales, the main woman in ... Read more »

Hotter days, severe storms for flooded NSW

Flooding continues across NSW with areas isolated and others being hit by severe storms. After the wettest November on record, rivers are high around the state and catchments saturated. The ... Read more »

NSW residents waiting months for dentists

Thousands of people are in pain in regional and rural NSW as they wait months for dental treatment, a probe into health services in regional NSW will be told. The ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic