First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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Build to Rent Tax Changes - reverse

Summary of proposal

The proposal would terminate the Build-to-Rent tax measures.

The proposal would start on 1 July 2025.

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Build to Rent Tax Changes - reverse

Summary of proposal

The proposal would terminate the Build-to-Rent tax measures.

The proposal would start on 1 July 2025.

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Build to Rent Tax Changes - reverse

Summary of proposal

The proposal would terminate the Build-to-Rent tax measures.

The proposal would start on 1 July 2025.

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Build to Rent Tax Changes - reverse

Summary of proposal

The proposal would terminate the Build-to-Rent tax measures.

The proposal would start on 1 July 2025.

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Advanced Entry Trades Training

Summary of proposal

The proposal would establish the Advanced Entry Trades Training program to help 6,000 experienced but unqualified workers fast track their qualifications.

The program would assess a participants’ existing skills via a recognition of prior learning process and then fill in any gaps with individualised training delivered by TAFEs and other high quality Registered Training Organisations. Any extra training needed will be free.

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