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LOCAL MP BACKS HOME OWNERSHIP SCHEME

BARKER DECIDES 2

 

 

 

 

 

 

 

 

Local Member for Barker and Liberal candidate at Saturday’s election has backed a new initiative to assist more Australians to own their own home.

Under a proposed scheme first home buyers would need a lower deposit, currently one of the biggest barriers to home ownership.

The Member for Barker, Tony Pasin said   “Saving a deposit for a first home can be a real struggle, with most banks and lenders requiring a minimum 20% deposit,”

The proposed scheme will be available to first-home buyers with an income of up to $125,000, or $200,000 for a couple who are both first home buyers

Last year 110,000 Australians bought their first home, the highest level in nine years.

image: supplied.