Not satisfied with the Morrison Government’s gutting of responsible lending laws, the RBA’s monetisation of the mortgage market, or the expansion of the First Home Buyer Deposit Scheme, Australia’s property lobby is calling for more budget pork:
The expansion of the first home buyers’ scheme by 10,000 places has been attacked by the real estate industry and builders for only targeting new properties…
Fewer than 20 per cent of first time buyers purchase new properties, which restricts the application and appeal of the scheme, according to the Real Estate Institute of Australia.
