First home buyers rush deposit subsidy scheme

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Data has been released on the Morrison Government’s first home buyer (FHB) deposit subsidy scheme, which reveals that more than half of all spots have filled in the second tranche, which opened in July:

About 4500 spots are pending and more than 1000 application certificates have already been approved…

Minister for Housing and Assistant Treasurer Michael Sukkar said the scheme has allowed “Australians to get into a home of their own sooner”.

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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.