From today, all first-home buyers can apply for the 5% deposit scheme. Here’s what’s changing
- Written by Adrian Lee, Associate Professor in Property and Real Estate, Deakin University
For many, the “Great Australian Dream” of owning a home has never felt further out of reach. Rising property values have convincingly outpaced income growth over recent decades, creating an affordability crisis.
That doesn’t necessarily mean all Australians have given up on dreaming. A recent survey by Mortgage Choice suggests...