That election promise. It will help first home buyers, but they better be cautious
- Written by Nigel Stapledon, Research Fellow in Real Estate, Centre for Applied Economic Research, UNSW
The money will help, but there's no guarantee things will turn out well.ShutterstockThe Coalition has put forward a scheme to help first home buyers get into homes, under which the government will underwrite a loan of 15% of the value of the home, to be treated as part of their deposit, taking a deposit of 5% up to 20%. Labor adopted it within...
