Higher-Earning Australians Utilize First Home Deposit Scheme

Higher-earning Australians, including some earning over $200,000, are increasingly using the 5% first home deposit scheme, leading economists to warn that Labor's removal of caps could be inflating prices as support flows to those in better financial positions.

6 Jul, 15:00 — 6 Jul, 15:00

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The GuardianMostly Factual55d ago

Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000

Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions Get our breaking news email, free app or daily news podcast Most Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners. The influx of high income earners into the first home guarantee program, economists warn, has pushed up property pri...

By Luca Ittimani

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Higher-Earning Australians Utilize First Home Deposit Scheme

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Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000

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