Government expands first home buyers scheme
Independent economist Saul Eslake discusses the federal government’s expanded scheme, which will see all first home buyers be able to purchase a property with a deposit as low as five per cent, regardless of their income.
The scheme kicks in on October 1, and experts claim the expanded scheme will just push housing prices higher.
“It will help some people who are able to arrange their affairs to take advantage of it … this will help them buy it a bit sooner,” Mr Eslake told Sky News Australia.
