The federal Budget promises to help 75,000 Australians into housing over four years*. Net migration is running at over 300,000 people per year.
The government’s own construction target requires 240,000 new homes annually. Last year we built 179,000.
The scheme allows first-home buyers to purchase with a five per cent deposit – on properties up to $900,000. The median house price in Lennox Head is $1.47 million.
In Mullumbimby it is $1.03 million. A local buyer’s agent said recently it would be ‘an interesting brief’ to find a house in Byron Shire that qualifies.
The numbers don’t add up. They don’t add up nationally, and they especially don’t add up here.
Alison Vickery, Lennox Head
• *75,000 is the government’s projection of houses investors will sell to owner/occupiers – Ed.
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