Australians Struggling to Own Homes
Angela and Terry Oliveira are saving for a home, but it seems far away.
Young people in Brisbane have the same dream, but it's hard to achieve.
They want a piece of the city's property.
Two properties are good for first-time buyers.
Matt Taylor is a 26-year-old real estate agent.
He watches as his clients buy their dream home.
He wants to own a home too, but it's hard.
He says it's like chasing something that's always out of reach.
He thinks he's close, but then misses out.
It's sad.
Matt hopes to buy a home one day.
His job doesn't give him special help to buy a home.
He's been to auctions and lost, with no discounts.
Many people compete at auctions.
He still believes in the Australian dream, but it's hard to achieve.
The budget has risks.
The treasurer thinks about people like Matt when making the budget.
The budget might change tax rules to help young buyers.
These changes will be the main part of the budget.
Angela and Terry live in Cooma, far from the city.
They moved to Australia 12 years ago to achieve their dream.
They left the city to try to buy a home.
They've been saving, but it's still hard.
Prices keep going up, making it harder to buy.
The Oliveiras hope the budget will help first-time buyers.
They want the budget to make prices stable.
They want help without prices going up.
They don't want their kids to struggle with rent.
They're sad, but still hope to own a home.
The dream is still alive, just not with their own house.
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Home ownership is hard for young people.
Stefan Wagner has a nice home in the Adelaide Hills.
He was lucky to buy a home when he was young.
His son is struggling to buy a home.
It's hard for young people to buy homes now.
They're priced out and competing with investors.
Stefan's son can't get a loan from most banks.
Stefan bought a home for his son, but it's not simple.
His son pays the mortgage, but they're seen as investors.
Stefan and his wife are helping their son at a cost.
They plan to transfer the home to their son's name.
But they'll have to pay a big tax bill.
They feel punished for helping their son.
Stefan wants an exemption for parents helping their kids.
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