A person who has amassed $3,450 in tremendous over his ten years working within the hospitality business has welcomed the federal government’s new tremendous home-buying scheme, saying he’ll lastly be capable to afford to place a deposit on a second-hand automobile to reside in.
Jake McGuinness, 31, mentioned he’d all the time dreamed of unlocking his four-figure superannuation nest-egg so he may get a foothold within the secondhand automobile market.
“I bear in mind getting paid tremendous for a few months in 2016, after which once more briefly for a job I did in 2019. So I’m sitting on a goldmine actually,” he mentioned.
“With this new 40% rule, I’ll be capable to unlock slightly below $1400 – so I’ve obtained my eye on a candy one-bedroom 2002 Ford Falcon with out an engine”.
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