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 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...