Queensland housing tax cuts a joke!
I read an article today that can only be described as a joke. Not even a funny one at that! Apparently the government is making housing affordable by eliminating mortgage duty by 50%, sounds good right? Let’s just see how much we can save….a loan of $320 000 will land you a whopping saving of $500!!!!! But wait there’s more, if you wait until the year 2009 the government will remove the tax altogether and you will save a massive $1000. (My fridge cost more than that!) Now if we take into consideration the rising house costs and add on another 15% to the cost of a home, that leaves us with about $48 000 extra to pay for a house in 2009. Oh silly me…that’s right I actually save $1000 according to the government. That’s going to be a BIG help isn’t it!!!!!!!!! Get real.
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