HIA summons first home buyer patsies

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The Housing Industry Association (HIA) has urged the Morrison Government to extend the first home buyer (FHB) subsidy amid strong demand:

Today’s report from the National Housing Finance and Investment Corporation (NFHIC) outlines the intital success of the first release of 10,000 guarantees under the First Home Loan Deposit Scheme.

HIA is pleased to see the findings show the Scheme is providing support in home ownership for first home buyers and overcome the deposit savings trap.

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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.