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Broking industry reaction to the Budget
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Several members of the broking industry have welcomed the federal budget’s measures for home ownership, but some have noted they will not curb the pace of house price growth.
On Tuesday evening (11 May), the federal budget for 2021-22 was handed down, outlining a range of steps to support home ownership and help small businesses recover from the coronavirus pandemic.
The main home ownership initiatives, such as the new Family Home Guarantee, had been announced ahead of the budget release, which the MFAA and several lenders have already welcomed.
Following the full budget being issued last night, more members of the broking industry issued their thoughts on the spending package.
Early Education Sector Applauds New Funding From Federal Budget
Early education organisations in Australia have applauded the Federal Budget’s new funding for the sector.
Other than the previous commitment of $1.7 million for the Child Care Subsidy, the Federal Government last night announced it would further inject $2 billion into early childhood education over the next four years, which will ensure every child receives at least 15 hours a week of early learning in the year before school.
“This latest announcement provides long-awaited certainty for Australian families and the many service providers that deliver a preschool program,” Paul Mondo, the president of Australian Childcare Alliance (ACA), said in a statement on Wednesday.
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