Some economists concerned about Coalition’s first home buyer deposit scheme

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Borrowing the difference between a 5 and 20 per cent deposit will bite new home owners and result in a major windfall for Australia’s banks.

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Property parasites swarm Coalition’s first home buyer bribe. first-home buyer can put some of their pre-tax money away like they have in the past for super to help build a first deposit.

Some property analysts have criticised Coalition’s plan to underwrite home loan deposits for first-home buyers and called the scheme "ineffective." The political party announced that it is lowering the required home-loan deposit in line with its commitment to helping first home buyers save for.

The new First home loan deposit scheme announced the Coalition, and instantly backed by Labor, is likely to be popular among those on the cusp of buying their first home. It’ll be open to singles.

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The Coalition has proposed a scheme to help Australian first-home buyers get into their properties sooner, modelled on a scheme New Zealand has had running for years. photo: woods Bagot / Peddle Thorp

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The First Home Loan Deposit Scheme is based on a scheme already operating in New Zealand, and will be available to first home buyers who have been able to save up for a deposit of at least 5%. First home buyers will get a significant leg up with our new initiative to slash the size of a home loan deposit.

UBS economists said the APRA easing is a material surprise, joining the Liberal’s ‘miracle’ election win, and first home buyer scheme, all of which it thinks are positives for housing. "[This] materially reduces downside risk for housing and the economy.

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The new First Home Loan Deposit Scheme announced the Coalition, and instantly backed by Labor, is likely to be popular among those on the cusp of buying their first home. It’ll be open to.

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