Budget 2017 : What is there for first home buyers

Federal Treasurer Scott Morrison has handed down his second Budget, promising that Australia's economy is "moving towards better days."Housing is a key area for change, with the government planning to introduce a new scheme allowing first-home buyers to save money within their superannuation funds. Management accountant Taj Singh sharing his observations with Gautam Kapil.

Treasurer Scott Morrison hands down the 2017 Budget in Parliament Source: AAP

One of the big announcements in the budget is that first-home buyers will be able to save for a deposit by salary sacrificing into their superannuation accounts. Taj Singh from First Home Buyers Australia, advices to improve saving habits.

 

Taj also mentions few other key aspects of budget like new measures to restrict foreign investment in property and about important infrastructure projects in Western Sydney.