Saw the promo on a bill board while heading into work today.
The 50 per cent rates remission of up to $1,000 over a 12-month period for eligible first home owners (the First Home Owner Remission scheme) will commence for #title transfers from 1 October and will be available on homes with a value less than $750,000.
I suggest going to the link and reading the T's & C's for further info.
If they can’t afford the rates for the first 12 months, how do they expect to pay them for the remainder of the time they live there. We need to stop encouraging people to buy houses they can’t actually afford long term (when interest eventually go up).