This is going to be interesting in years to come, people that enter into anything with some sort of partnership usually never ends well.
"would pay for up to 40 per cent of new houses" at what cost to the purchaser.
If they want to sell does the government only own the original 40% or 40% of the sale price.
If you renovate the property who pays and who keeps the extra equity.
Are you bound by termed agreement.
Can that house only be bought again by someone doing that same scheme.
Question after question needs to be asked here with any business deal.
Federal Opposition Leader Anthony Albanese will promise to slash the cost of buying a home for tens of thousands of Australians as part of a policy under which a Labor government would pay for up to 40 per cent of new houses.
Under the policy, a Labor government would contribute up to 40 per cent of the purchase price of a new home and up to 30 per cent of the purchase price for an existing home.
In Sydney and NSW regional centres, the property price would be capped at $950,000 and could save homebuyers up to $380,000 on a new house and $285,000 on an existing house.
In Melbourne and Victorian regional centres, the property price cap of $850,000 would save people $340,000 on a new house and $255,000 on an existing house.
It will be available to individuals with a taxable income of up to $90,000 or $120,000 for couples.
