First Home Buyers Surge with 5% Deposit Scheme
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australias five percent deposit scheme for first home buyers sees record surge, with twenty-two thousand nine hundred twenty-one guarantees issued since October, a seventy-five percent increase. The schemes updates, including removed income caps and raised property price ceilings, have led to nearly two-thirds of recent buyers purchasing houses, with under-thirty-year-olds making up forty percent. However, experts warn of potential price increases due to increased demand without matching supply.
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