government support Archives · Australian Loans Group

Housing Scheme Milestone

Posted on 18/06/202417/06/2024 by Laze Spasevski

Housing Australia's Home Guarantee Scheme has achieved a significant housing scheme milestone by supporting more than 150,000 buyers since its inception in January 2020. First home buyers or single parents seeking assistance in purchasing a property will find this information interesting. The program limits eligibility, with property price caps varying by state and income caps set at $125,0...
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How Government Is Helping First Home Buyers

Posted on 07/11/202325/10/2023 by Laze Spasevski

A new report from Housing Australia (previously NHFIC), demonstrates how the Government is helping first-home buyers. The report revealed that about one in three of all first-home buyers in the 2022-23 financial year used the federal government’s Housing Guarantee Scheme (HGS). Here’s what the typical participants looked like: First Home Guarantee: the median participant was in the ...
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Good News For First-time Home Buyers

Posted on 25/04/202325/10/2023 by Laze Spasevski

There is good news for first-time home buyers as research from Domain shows that over the past year, it’s become significantly easier to save a 20% house deposit. In order to become homeowners, first-time home buyers must overcome 2 significant financial obstacles. They need to save for a lump sum deposit and they need to keep up with the monthly mortgage repayments. February 2022 data show...
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Electric Vehicles Cheaper Are Now Cheaper

Posted on 05/02/202306/02/2023 by Laze Spasevski

Electric Vehicles are now cheaper after the federal government has passed the Electric Car Discount Bill through parliament. The bill removes the 5% import tariff for zero- and low-emission vehicles that are beneath the Luxury Car Tax Threshold ($84,916). The bill also provides a fringe benefits tax (FBT) exemption for eligible cars made available for employees by employers. For a veh...
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Coronavirus – JobKeeper Payment Explained

Posted on 08/04/202008/04/2020 by Laze Spasevski

What is the JobKeeper Payment Eligible employers will be entitled to receive $1,500 per fortnight for eligible employees from 30 March 2020 for a maximum period of 6 months. Employers must pass those payments directly onto eligible employees as wages or as a subsidy to their wage. For example, if an employee was earning $2,000 per fortnight as their usual wage, then the employer should, if t...
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