Scott Morrison unveils election promise allowing first home buyers to purchase property with just a 5% deposit – as long as you’re not earning too much Aleks Vickovich May 13, 2019, 7:26 AM
It was initially welcomed by the property industry but holes are starting to emerge in Prime Minister Scott Morrison’s pre-election pledge to provide a new incentive for first home buyers.
More than four years could be cut from the time it takes first-home buyer couples to save a house deposit under a policy proposed by the Morrison government, new analysis shows. The average first.
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“First home buyers know the Liberals are out of touch and only for the top end of town. We back genuine support for first home buyers – that’s why we. Mr Morrison used his speech to announce a new.
The Coalition has made a final appeal to younger voters just six days out from election day, announcing a new loan scheme for first home buyers in its official campaign launch. The PM was joined.
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But in an environment of tightening lending conditions in the wake of the banking royal commission, some have also questioned whether a scheme allowing smaller deposits is sound economic policy, and whether younger Australians should even be encouraged into the property market in the current climate.> Scott Morrison is lowering the first home.
The battle over housing is on in the last week of the election campaign with Scott Morrison vowing to make it easier for first-homebuyers. said the scheme was “certainly welcomed” as was anything.
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First-home buyers will be allowed to use up to $30,000. "The government is making changes that will help more people realise their goals of home ownership," Treasurer Scott Morrison said in his.
The Morrison government’s proposal to underwrite loans for first home buyers has been met with near universal criticism from real estate agents, housing affordability advocates and policy advisors.