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.

Read more

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.

Read more

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.

Read more

Home electrification

Summary of proposal

The proposal would establish a 4-year long government-backed loan scheme to enable homeowners to invest in solar, batteries, electric appliances and other energy and electrification upgrades (‘The Scheme’). Loans granted would be up to $20,000 per household and would be indexed by the lower of the Consumer Price Index (CPI) or the Wage Price Index (WPI).

The proposal would start on 1 July 2025.

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Home electrification

Summary of proposal

The proposal would establish a 4-year long government-backed loan scheme to enable homeowners to invest in solar, batteries, electric appliances and other energy and electrification upgrades (‘The Scheme’). Loans granted would be up to $20,000 per household and would be indexed by the lower of the Consumer Price Index (CPI) or the Wage Price Index (WPI).

The proposal would start on 1 July 2025.

Read more

Home electrification

Summary of proposal

The proposal would establish a 4-year long government-backed loan scheme to enable homeowners to invest in solar, batteries, electric appliances and other energy and electrification upgrades (‘The Scheme’). Loans granted would be up to $20,000 per household and would be indexed by the lower of the Consumer Price Index (CPI) or the Wage Price Index (WPI).

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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