{"id":32340,"date":"2021-05-13T10:09:59","date_gmt":"2021-05-12T22:09:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32340"},"modified":"2021-05-13T10:09:59","modified_gmt":"2021-05-12T22:09:59","slug":"how-first-home-buyers-can-get-a-10000-tax-break-to-buy-property","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-first-home-buyers-can-get-a-10000-tax-break-to-buy-property\/","title":{"rendered":"How first-home buyers can get a $10,000 tax break to buy property"},"content":{"rendered":"<p><strong>PHOTO: First-home buyers can get a tax break towards their savings.\u00a0<span class=\"photographer\">Photo:\u00a0Josie Withers<\/span><\/strong><\/p>\n<p class=\"first-para\"><a href=\"https:\/\/propertynoise.co.nz\/au\/?s=First-home+buyers&amp;submit=Search\">First-home buyers<\/a> can get as much as $10,000 in tax breaks from the government towards their deposit, in measures announced in this year\u2019s budget.<\/p>\n<p>But in practice, they may have to fit into a specific set of income and life stage criteria to qualify for the cash, experts say.<\/p>\n<div class=\"in-content-ad\">\n<div id=\"adspot-1x1_300x250-pos-2\" class=\"ad\">\n<h3 class=\"widget-title\"><span class=\"accent-typo\">WE DON\u2019T ROAST OUR BEANS UNTIL WE HAVE YOUR ORDER<\/span><\/h3>\n<p><a href=\"https:\/\/fergscoffee.com\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"image wp-image-84806  attachment-medium size-medium\" src=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?fit=300%2C300&amp;ssl=1\" sizes=\"(max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?w=2560&amp;ssl=1 2560w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=1536%2C1536&amp;ssl=1 1536w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=2048%2C2048&amp;ssl=1 2048w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=500%2C500&amp;ssl=1 500w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?resize=465%2C465&amp;ssl=1 465w, https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?w=2160&amp;ssl=1 2160w\" alt=\"Fergs Coffee\" width=\"300\" height=\"300\" data-attachment-id=\"84806\" data-permalink=\"https:\/\/www.propertynoise.co.nz\/fergs-coffee-logo\/\" data-orig-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?fit=2560%2C2560&amp;ssl=1\" data-orig-size=\"2560,2560\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Fergs Coffee LOGO\" data-image-description=\"\" data-medium-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2021\/03\/Fergs-Coffee-LOGO-scaled.jpg?fit=1024%2C1024&amp;ssl=1\" \/><\/a><\/div>\n<\/div>\n<div class=\"in-content-ad\">\n<div id=\"adspot-1x1-pos-5\" class=\"ad\" data-google-query-id=\"CL-alr-TxfACFXmYZgId6hIJJg\">\n<div id=\"google_ads_iframe_\/\/31694718\/domain.com.au\/news_0__container__\"><\/div>\n<\/div>\n<\/div>\n<p>The help comes in the form of the <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=First+Home+Super+Saver+Scheme&amp;submit=Search\">First Home Super Saver Scheme<\/a>, which lets potential buyers save up to $50,000 through their superannuation accounts towards their property purchase.<\/p>\n<p>This is an increase from a previous limit of $30,000, in acknowledgement that house prices have soared.<\/p>\n<p>Savers cannot withdraw money from their super accounts that their employers have already paid in.<\/p>\n<p>Instead, they can make their own extra contributions to their super, then withdraw those savings in future.<\/p>\n<p>Because there is a tax break for pushing the money through the super system, buyers keep more of their own cash than if they had saved it in a bank account.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/federal-budget-2021-how-the-first-home-super-saver-scheme-works-1053561\/\">DOMAIN<\/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=\"Horrifying moment a packed balcony collapses onto rocks - Malibu Beach | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/horrifying-moment-a-packed-balcony-collapses-onto-rocks-malibu-beach-watch\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" 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decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/12\/OnlyFans-stars.jpg?fit=634%2C792&amp;ssl=1&amp;resize=40%2C40\" alt=\"OnlyFans stars luxurious waterfront mansion | WATCH\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"OnlyFans stars luxurious waterfront mansion | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/onlyfans-stars-luxurious-waterfront-mansion-watch\/\" data-bump-view=\"tp\">OnlyFans stars luxurious waterfront mansion | WATCH<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: First-home buyers can get a tax break towards their<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-first-home-buyers-can-get-a-10000-tax-break-to-buy-property\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478116052,478098512,478098521,478099197,478116053,478099834,478108149,478098519,478098535,478098522,478098543,478098513,478098873,478098579,478098510,478103878,478098514,478098511,478098509],"class_list":["entry","author-data123nz","post-32340","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aussie-first-home","tag-australia","tag-australians","tag-first-home-deposit","tag-first-home-purchase","tag-first-home-super-saver-scheme","tag-first-home-buyers-2","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-mortgages","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-property-purchase","tag-propertynoise","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How first-home buyers can get a $10,000 tax break to buy property - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/how-first-home-buyers-can-get-a-10000-tax-break-to-buy-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How first-home buyers can get a $10,000 tax break to buy property - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: First-home buyers can get a tax break towards theirRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/how-first-home-buyers-can-get-a-10000-tax-break-to-buy-property\/\" \/>\n<meta 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