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The Federal Budget and Property: The three things that you need to know. If you are looking for commercial property in Montville, Queensland, then contact CommercialProperty2Sell.<br><br>Visit: https://www.commercialproperty2sell.com.au/real-estate/qld/montville/
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The Federal Budget and Property: The three things that you need to know
1. First Home Super Savers Scheme On 1 July 2017, the government introduced the ‘First Home Super Savers Scheme’. This scheme has been devised in order to encourage first home buyers to purchase a home.
2. Older Australian Concessions The government is attempting to increase the amount of property for purchase across the country. One of the key ways that they are trying to achieve this is by allowing home owners who are over 65 to put up to $300,000 from the sale of their home into their superannuation fund in an effort to encourage older Australians to downsize.
3. Foreign Property and Developers Extra charges for foreign property owners Capital gains exemptions and tax Developers These three proposed key changes attempt to assist younger Australians to purchase their first home, encourage older Australians to downsize and also attempt to put some limits on foreign investment.
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