Thanks Wayne !!
Late last year I bought an investment property on Sydney’s North Shore. With the recent turmoil in the markets and the rapid run-up in mortgage rates, i was starting to get a little nervous about whether my purchase was such a wise decision. Fortunately, Treasurer Wayne Swan has just bailed me out of a tight corner.
As part of the government’s five-point plan to “fight inflation, promote private savings and place downward pressure on interest rates”, he’s offering a tax break for aspiring first home owners.
God bless you, sir 
“This is a modest long-term measure to assist more young Australians to achieve their dream of home ownership. Young Australians saving for their first home will attract a government contribution equivalent to 15% discount on their marginal tax rate.”
Housing Minister, Ms Plibersek, said the plan would work alongside several other schemes designed to “improve housing affordability”.
Err, how?
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