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Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000

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AI Summary

Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions Get our breaking news email, free app or daily news podcast Most Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

Key Points

  • Original report published by The Guardian Australia.
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  • Readers are directed to the publisher for the complete article.

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Sources

The Guardian Australia: Read full story at source

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