Property industry welcomes budget, but said more needs to be done

Australian Property Journal –

THE property industry has welcomed the federal budget but said more needs to be done including extending the HomeBuilder scheme, reopening borders to overseas migration and changing the withholding tax to attract foreign investment.

The 2020-21 Budget generally received a positive response from the property industry groups due largely to the additional 10,000 places for the First Home Loan Deposit Scheme, and committing an additional $1 billion to the National Housing Finance and Investment Corporation (NHFIC) to $3 billion.

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