Scott Morrison announces new first-home buyer scheme

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Harry Triguboff says he expects having to offer 10pc discounts to sell Meriton’s new apartments "We’ve. Prime Minister Scott Morrison announced a scheme to guarantee the deposit of first home.

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 · Scott Morrison announces new first-home buyer scheme to help battlers secure a deposit – even if they don’t have the money. May 23, 2019. ANZ says 7.25pc buffer has to go.. Scott Morrison announces new first-home buyer scheme to help battlers secure a deposit – even if they don’t have the money. May 23, 2019. ANZ says 7.25pc buffer has to go.

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As many of you may have heard, just before the Federal election came to a head, Scott Morrison announced a new policy to significantly decrease the deposit first home buyers need to save in order to buy a home. 20% has long been the magic number seared into the mind of young Australians as the ultimate goal to finally break into the property market and begin the next journey of home ownership.

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The Morrison Government and Labor have agreed on a plan to help first home buyers save for a deposit, but property industry experts warn the cooperation of the banks is crucial if it is going to work.

First home buyers will get government support to get to a 20 per cent house deposit if the coalition wins the federal election on May 18. Prime Minister Scott Morrison announced the policy at the Liberal election campaign launch in Melbourne on Sunday, a scheme he says that has been successfully running in New Zealand for a number of years.

The First Home Loan Deposit Scheme is based on a scheme already operating in New Zealand, and will be available to first home buyers who have been able to save up for a deposit of at least 5%. First home buyers will get a significant leg up with our new initiative to slash the size of a home loan deposit.

First home buyers will get government support to get to a 20 per cent house deposit if the Coalition wins the federal election on May 18. Prime Minister Scott Morrison announced the policy at the Liberal election campaign launch in Melbourne on Sunday, a scheme he says that has been successfully running in New Zealand for a number of years.