Property parasites screetch FHB subsidy not generous enough

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It’s amazing watching the sense of entitlement on display from Australia’s property sector.

Rather than being grateful to the Morrison Government and Australia’s policy agencies for throwing the kitchen sink at the housing market, Zippy Financial director and principal broker, Louisa Sanghera, has instead attacked the Government’s first home buyer (FHB) deposit scheme for not being generous enough:

From January 1, a new scheme will allow 10,000 eligible home buyers to get into their first property with a 5 per cent deposit thanks to the Government guaranteeing their mortgages.

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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.