Scummo: FHB saver scheme to be “demand-led with no quotas or restrictions”
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Prime Minister Scott Morrison has released more details about the Coalition’s first home buyer (FHB) deposit scheme, easing concerns that it would only apply to 10,000 borrowers by confirming that the scheme would be uncapped to “meet demand”. From The Canberra Times:
Mr Morrison opened the door on Monday evening to expand his policy, saying the Coalition could allow extra money to be used to guarantee loans if demand was greater than expected.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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