Houses Under IDR 2 Billion VAT Free Here’s How to Save for Home Down Payments by Robert Kiyosaki My Money – 3 hours ago

Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) approved tax incentives for purchasing houses worth less than IDR 2 billion. VAT is ultimately borne by the government up to 100%.

“VAT borne by the government for the purchase of a house or property under 2 billion will apply to 100% VAT borne by the government until June next year,” explained Coordinating Minister for the Economy Airlangga Hartarto, yesterday.

Airlangga also added that after June 2024, the VAT borne by the government will be reduced to 50%. This policy was implemented because there was a decline in GDP in the housing sector by 0.67% and construction fell by 2.7%.

Are you interested in buying a house under IDR 2 billion in the near future?

If a house has become a necessity for you, then it is very likely that this is a golden opportunity for you. And there’s no harm in applying a strategy by the author of Rich Dad Poor Dad, Robert Kiyosaki, to save for a down payment on your dream home.

Dollar Cost Averaging Strategy

Not long ago, Robert Kiyosaki revealed a relatively effective investment method for accumulating assets. That method is dollar cost averaging (DCA).

DCA is actually a way of investing by buying assets periodically, either weekly, monthly or even in a matter of days.

DCA can be carried out on various financial instruments. However, if your investment goal is to buy a house in the near future, it is highly recommended to place your funds in regular savings instruments or money market mutual funds.

If your target is to collect a down payment of 30% of the house price, let’s say Rp. 400 million (Rp. 120 million) within eight months into a money market mutual fund, then here is an investment simulation.

In eight months, IDR 128 million could be collected provided you can allocate IDR 9 million. However, please note that there is a return of 0.16% which is received regularly every month.

It is also worth remembering that the first payment from a KPR is not only in the form of a down payment, but there is also a main installment and other costs. So, just make sure you also have enough savings for this expense and don’t pay down payment in installments.

[Gambas:Video CNBC]

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