Wednesday April 1, 2020

Budget 2015: First time buyers will gain little from Dirt refund

The Dirt refund scheme announced today will have little impact for first time buyers, according to Emma Kennedy.

14th October, 2014
"The move is a drop in the ocean relative to the amount that first time buyers will need to save to buy a property," writes Emma Kennedy.

News of a Deposit Interest Retention Tax (Dirt) refund for first time buyers sounds like a good deal for young couples and individuals who want to save for their first home. In reality though, the move is a drop in the ocean relative to the amount that first time buyers will need to save to buy a property.

Last week the Central Bank announced proposals to restrict mortgage lending, meaning that the majority of first...

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