The 5% First Home Loan Deposit Scheme worries me

When the sitting Australian government announced the 5% First Home Loan Deposit Scheme (matched by the opposition) in the lead up to the 2019 federal election, I winced.

From the start of 2020, up to 10,000 first home buyers a year can apply to the First Home Loan Deposit Scheme, with various property price limits being eligible around the country.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alex Ellie

Alex Ellie

222 Followers

We’re Alex & Ellie, a 30-something married couple who started HisHerMoneyGuide to highlight how you can join us and reach financial independence sooner.