Scomoprime draws more FHBs to property slaughter

Wednesday, 1 July 2020

10,000 more Australians will be able to buy their first home from today with a deposit as little as 5% thanks to our First Home Loan Deposit Scheme. We’re proud to have already helped 10,000 Australians into their first home in the first year of the new scheme. https://t.co/QjDMGJyvLJ
— Scott Morrison (@ScottMorrisonMP) July 1, 2020

A great time to celebrate as property investors handoff losing assets to 1ok extra FHB patsies:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.