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emmab  
#1 Posted : Tuesday, 9 May 2017 5:05:47 AM(UTC)
emmab

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Joined: 18/11/2009(UTC)
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First home buyers are modest winners in this budget.

They'll be able to use voluntary contributions to their superannuation to save for a house deposit. Withdrawals will be taxed at a lower rate, but the amount you can contribute is capped at $15,000 a year and $30,000 all up. Both members of a couple can take advantage of the scheme.

The new restrictions on foreign property owners (see Losers: foreigners) could take a little heat out of property prices in the east coast capitals, which would benefit first home buyers.
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