Victorian homebuyers to get up to $40k boost

Victorians are to get up to $40,000 oost in homebuying power from 1 July 2o24. As banks and lenders factor in federal government tax breaks from July 1, the state’s average income earners could get at least a $20,000 boost or more to their purchasing power to buy a home.

Adele Andrews, Australian Property Home Loans Director said “Many lenders were already factoring in changes to the borrowing capacities of prospective buyers,” Read the full article here from The Herald Sun.