Finding ways to help more people buy their own home has been a political challenge for decades.
However, some industry experts are worried that, while it might help address a symptom of rising house prices — the need for ever-larger deposits — it won't do anything to address the bigger problem.The biggest challenge most home-buyers face in trying to buy their own place is saving for a deposit. The scheme tries to reduce that burden, by allowing first home buyers to purchase with just a 5 per cent deposit, while the federal government acts as a guarantor for the other 15 per cent, allowing a lender to approve the loan without the need for LMI.
AlboMP says he can make homes more affordable without making house prices rise or fall - can someone ask him or JEChalmers how they plan to do this? Sick of their smug claims they will fix everything without back up evidence
Only a band aid solution to the housing crisis. Gov't need to invest in low income housing, so people can afford to rent.
stuck between a brick and a hard place.
If we tighten access to credit for investors & house prices stabilise, what’s the problem?