Just as it was looking like we were going to have an election campaign devoid of any reckless housing policies it finally came over the weekend, with Scott Morrison summoning the first home buyer FHB) patsies with a government-backed 5% deposit scheme. Here’s the policy announcement via the Liberal’s website:
Under our government, more than 110,000 Australians bought their first home in 2018 – the highest level in nine years, and the First Home Loan Deposit Scheme will offer even more support with up to $500 million in the form of equity through the National Housing Finance and Investment Corporation to focus on improving housing affordability…
