Published: May 13, 2019
Experts warn the Coalition’s first-home loan deposit scheme could drive up property prices and is no substitute for tax changes that remove investors’ advantages
The Coalition has promised to help 10,000 first homebuyers into the market by topping up their 5% deposits with a government guarantee for 15% of the loan.
Scott Morrison insists the policy is not “free money” but experts have already warned it could be ineffective at lifting home ownership rates or counterproductive by bidding up prices.
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