A letter to the Minister for Housing
The following is a letter I sent to the Minister for Housing. I also sent slightly modified versions to my local member and to the Prime Minister.
The Hon. Tanya Plibersek MP
Minister for Housing
Minister for the Status of Women
111-117 Devonshire Street
Surry Hills, N.S.W., 2010Dear Minister,
I have read with interest the Prime Minister’s recent comments regarding the possibility of the boosted First Home Buyers Grant ending as scheduled. As a person saving for my first home I am very much in favour of ending the grant as it appears to me only to push up prices and encourage people to enter the property market before they are ready. I would urge you to consider ways in which the grant might be minimised, applied only to new construction or withdrawn in the future, if this is not already planned. I would also ask you to consider how negative gearing for existing dwellings may be removed in the future or made to apply only to rental profits.
The First Home Saver Account scheme is in my opinion a far better initiative than grants to people entering the property market. I believe it would be in the best interests of people entering the property market to increase the government contribution percentage, increase the cap on the government contributions, provide a grant only to those who have met the withdrawal criteria or have a proven savings history, or some combination of these options.
I look forward to seeing how the upcoming budget and future policy will address my interests in this matter.
Sincerely,
Name Removed.
As you can guess I’m not happy with the meddling that is happening in the property market.