I can afford a house

[krisbarry]

Just to top off the working week, my super account balance now stands at over $62,000

Looks like I can layby that McMansion after all

 

[Julia]

Just to top off the working week, my super account balance now stands at over $62,000

Looks like I can layby that McMansion after all

After today, STC, you might need to order it with smaller rooms and maybe cut out the sauna and gym.

 

[krisbarry]

Four walls and a roof is all I need, the rest can wait.

But I do drive past these Mcmansions on a daily basis and notice that many have up to 4 split system air-cons attached to them. What a dopey design these dog boxes are!


WE LIVE IN AUSTRALIA PEOPLES...PLEASE DESIGN AND PURCHASE MORE APPROPRIATE HOUSING.

...and we wonder why the globe is burning up and the polar ice caps are melting

 

[Julia]

Four walls and a roof is all I need, the rest can wait.

But I do drive past these Mcmansions on a daily basis and notice that many have up to 4 split system air-cons attached to them. What a dopey design these dog boxes are!


WE LIVE IN AUSTRALIA PEOPLES...PLEASE DESIGN AND PURCHASE MORE APPROPRIATE HOUSING.

...and we wonder why the globe is burning up and the polar ice caps are melting

You are quite right about this. Here in Qld they continue to build houses without insulation and with shallow eaves. Good insulation, correct design to catch prevailing breezes, plus deep verandahs would eliminate the need for air conditioning.

 

[krisbarry]

About bloody time!!!!!!!!!

Home buyer tax breaks

KEVIN Rudd has promised to set up special bank accounts to help first home buyers save a deposit, with $4bn in tax breaks if Labor wins the election.

Labor has identified housing affordability as one of the key economic issues of the campaign. He has said the plan would help young people get a foothold in the property market.

Super plan

Mr Rudd has said he would announce full details of Labor's plan to tackle housing affordability later today. But he has said the scheme would be similar to superannuation.

"We are going to introduce first home buyer saver accounts that will provide taxation incentives for young people in particular to save the deposit on their first home," Mr Rudd said on the Nine Network today.

"It will make a big difference in terms of the amount of money they can save over time so they can get out of the rent trap, save for a deposit and get into home ownership.

"We believe that if you can provide tax incentives to help people to save early, similar to what we currently provide for people saving for superannuation, then if you do that for a fixed period of time you provide a real tax difference for people in the amount that they can save," he said.

He said Labor's plan would give young people billions of dollars worth of savings.

"If we put our money on the table in terms of tax revenue forgone for the commonwealth, our calculation is, over three or four years, we can accumulate something like three or four billion dollars worth of extra savings by young people."

Earlier in the federal election campaign, Mr Rudd outlined a plan to force Commonwealth departments to account for public land that could otherwise be opened up for development to create housing supply.

 

[numbercruncher]

OMG a (potential) government that actually cares about the welfare of its younger voters/citizens.

scary.

 

[robots]

hello,

http://www.kevin07.com.au/news/cost...s-larger-deposits-and-higher-national-sa.html

dont think that will change too much, people dont save anyway, thats the major problem

thankyou

robots

 

[tech/a]

So lets see how generous it is.

Interest on anything saved is taxed at 15% WOW!

Lets say you save $10,000 interest over the year say $400
Tax instead of 38% only 15% a saving of around $100 + or minus a bit.

Just read the report there are a few more $$s in it but bugger all.

Whoppie



How about getting serious with Government loans for first home buyers FIXED for the term of the loan at 5%



Typical political garbage.

 

[nioka]

So lets see how generous it is.

Interest on anything saved is taxed at 15% WOW!

Lets say you save $10,000 interest over the year say $400
Tax instead of 38% only 15% a saving of around $100 + or minus a bit.

Just read the report there are a few more $$s in it but bugger all..

As I see it the first $5000 deposited to a home savings account will be taxed at the rate of 15%. For a couple that could be $10,000. This could be worth quite a bit for some couples and it could be an incentive to save for a home.

 

[theasxgorilla]

You are quite right about this. Here in Qld they continue to build houses without insulation and with shallow eaves. Good insulation, correct design to catch prevailing breezes, plus deep verandahs would eliminate the need for air conditioning.

What about basements....why don't we build basements in Australia? Surely the best room in the house as far as keeping cool.

 

[numbercruncher]

What about basements....why don't we build basements in Australia? Surely the best room in the house as far as keeping cool.

Exactly! I reckon we should build entire houses underground, (all that left over dirt can be dumped into those holes in the ground that our entire economy is based on )

 

[Wysiwyg]

Exactly! I reckon we should build entire houses underground, (all that left over dirt can be dumped into those holes in the ground that our entire economy is based on )

Don`t forget the bilge pump.

 

[tech/a]

As I see it the first $5000 deposited to a home savings account will be taxed at the rate of 15%. For a couple that could be $10,000. This could be worth quite a bit for some couples and it could be an incentive to save for a home.

Add it up its peanuts.

5% over 30 yrs. Now THATS a saving.
That means less foreclosures.
That means people wont get in over their head.
That means they CAN afford their home.
That means less divorce
That means less problems with young adults.
That means they CAN see AND BUILD a future.

I don't care which party is in power they are all interested in power,money and control.
Not you and me!

Once in they pass what they like when they like and forget what they like when they like.

Garrett's not far off the mark,only difference is that he's dumb enough to joke about it! (Oh and people will vote the likes of him into a position of power. He actually thinks we are idiots and we will fall for his frankness as a silly GAFF).

Look after yourself people no one else will!!!

 

[Julia]

Exactly! I reckon we should build entire houses underground, (all that left over dirt can be dumped into those holes in the ground that our entire economy is based on )

No need to go that far. Have a basement by all means, but there's no way I'm going to live without daylight coming in.

 

[nioka]

Add it up its peanuts.

5% over 30 yrs. Now THATS a saving.
That means less foreclosures.
That means people wont get in over their head.
That means they CAN afford their home.
That means less divorce
That means less problems with young adults.
That means they CAN see AND BUILD a future.

I don't care which party is in power they are all interested in power,money and control.
Not you and me!

Once in they pass what they like when they like and forget what they like when they like.

Garrett's not far off the mark,only difference is that he's dumb enough to joke about it! (Oh and people will vote the likes of him into a position of power. He actually thinks we are idiots and we will fall for his frankness as a silly GAFF).

Look after yourself people no one else will!!!

Why not both . A savings scheme to force some savings with the reward of the fixed interest as a bonus. Use the futures fund to finance it and let the public service super be funded like the rest of us, out of their contributions.

 

[numbercruncher]

No need to go that far. Have a basement by all means, but there's no way I'm going to live without daylight coming in.

Just install a bunch of skylights or windows in the roof/ground level

Id love to have an underground house, would still have to have an above ground gargage/shed though!

 

[theasxgorilla]

No need to go that far. Have a basement by all means, but there's no way I'm going to live without daylight coming in.

You can build 1/2 or 1/3 height windows which let in ample natural light so that you don't feel like you're living in a cave. Even in Sweden during the summers it can be quite hot and my basement keeps its cool temperature even when its 30 deg outside. I find it very wrong that we import the narrow or non-existent eaves from house designs in this part of the world but we don't import the one idea that makes the most sense. Stick your TV room and/or a bedroom or two down in the basement and save on cooling costs. Better than trying to cool the upper floors of a poorly designed and insulated McMansion.

 

[Wysiwyg]

There is also the option of transporting the human organism outside the dwelling to the shade of a coolabah tree or other open shaded space.

 

[Whiskers]

The way I see it the savings will be worth while.

Say a person is on a $40,000 salary, and they save $5,000 per year the tax saving would be about $750.

Tax on $40,000 = $7,350

Tax on $35,000 = $5850
$5,000 @ 15% = $750
Total ............ = $6,600

Given that it says you can claim a $5,000 depoist each year that will soon add up to a reasonable saving. Better than a poke ion the eye.

But granted, the tax concession on the interest part is only about $10.00 after the first year.

Savings with Labor’s First Home Saver Account will receive preferential tax treatment in two key ways compared to ordinary savings accounts:

*Savers will be eligible for a low tax rate of 15 per cent on the first $5000 of income they deposit in their account each year - rather than the ordinary tax rate they would pay.

*Interest earned will be taxed at 15 per cent or less.

 

[tech/a]

The way I see it the savings will be worth while.

Say a person is on a $40,000 salary, and they save $5,000 per year the tax saving would be about $750.

Tax on $40,000 = $7,350

Tax on $35,000 = $5850
$5,000 @ 15% = $750
Total ............ = $6,600

Given that it says you can claim a $5,000 depoist each year that will soon add up to a reasonable saving. Better than a poke ion the eye.

But granted, the tax concession on the interest part is only about $10.00 after the first year.

Loan $250,000
Average 3.5%/Yr Saving with a fixed 5%/Yr loan over 30 yrs.
$262,500.

$262,500, or $6,600---hmmm.

They wont do it as it would add to inflation--create massive demand for housing---youd have first home buyers using the equity in their 5% / Yr interest rate homes to secure IP's.----You'd have them buying a second home and renting the first for a profit.---it would get so tied up in beuracratic red tape and policing the smarties it would cost AUST far more than it would benifit.

see where I'm going here.
They DONT WANT everyone to afford a house!!