Thursday, May 15, 2014

#AUSTRALIA: Gov't To Halt First-Time Home Buying Plan

[world politics news]


The Federal Government has taken the axe to a generous Rudd-era savings scheme for first home buyers, but will lift restrictions on the ability for account holders to access their money. The Government says it will save $134.3 million over five years by abolishing First Home Savers Accounts, which were introduced in 2008 to help first home buyers save.

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