{"id":32319,"date":"2021-05-12T08:58:17","date_gmt":"2021-05-11T20:58:17","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32319"},"modified":"2021-05-12T08:58:55","modified_gmt":"2021-05-11T20:58:55","slug":"how-budget-will-hit-home-buyers","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-budget-will-hit-home-buyers\/","title":{"rendered":"How The Budget will hit home buyers"},"content":{"rendered":"<p><strong>PHOTO: First-home buyers and single parents were the focus of Budget housing relief. <span class=\"image-source\"><em>Source: News Regional Media<\/em><\/span><\/strong><\/p>\n<p class=\"description\">Treasurer Josh Frydenberg has offered first-home buyers and single parents much needed help to purchase properties sooner but Tuesday\u2019s Budget included few major new incentives to encourage urgently needed housing supply.<\/p>\n<div class=\"story-content\">\n<p>With critical housing shortages partly responsible for driving up property prices in most capitals, particularly in Sydney, industry had been hopeful of a replacement or extension to the expired HomeBuilder scheme.<\/p>\n<p>Instead, no new changes were announced apart from a commitment to allow those who have already applied for the scheme another 18 months to commence their projects.<\/p>\n<p>This was despite the Treasurer labelling <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=HomeBuilder&amp;submit=Search\">HomeBuilder<\/a> \u2013 a $15,000 cashback for those building their homes \u2013 \u201ca huge success\u201d in his Budget speech.<\/p>\n<\/div>\n<p>The ABS had also reported house approvals increased 70 per cent after the introduction of HomeBuilder last year.<\/p>\n<p>Otherwise, the Budget offered few surprises on the housing front. Many of Mr Frydenberg\u2019s Budget incentives for home seekers had already been announced prior to the Tuesday release of Budget papers.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/federal-budget-prioritises-targeted-support-for-home-seekers-over-sweeping-purchasing-incentives\/news-story\/dffc6dcca309eb65c91486515bfc19bb\">NEWS.COM.AU<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Inside Jamie Oliver and wife Jools' $10.8 million picture-perfect mansion\" href=\"https:\/\/propertynoise.co.nz\/au\/inside-jamie-oliver-and-wife-jools-10-8-million-picture-perfect-mansion\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478116030,478098521,478098896,478116029,478108149,478098542,478098519,478109948,478116031,478098535,478098522,478105551,478098513,478098873,478098579,478098510,478098616,478098514,478098511,478098705,478098533,478098828,478098509,478115983],"class_list":["entry","author-data123nz","post-32319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-budget","tag-australians","tag-budget","tag-budget-2021","tag-first-home-buyers-2","tag-home-loans","tag-home-ownership","tag-homebuilder","tag-house-approvals","tag-house-prices","tag-interest-rates","tag-josh-frydenberg","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-property-prices","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-single-parents"],"yoast_head":"<!-- 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