The prospect of rising interest rates and peak property prices could lead to lower uptake of the extended Home Guarantee Scheme by first home buyers than previous iterations of the scheme, experts say.
A scheme for single parents will also be expanded to 5000 guarantees a year, running from July to June 2025, allowing eligible applicants to buy a first home or re-enter the market with a deposit as low as 2 per cent. “That’s really limiting, particularly in Sydney and other major capital cities, due to escalating property prices,” Ms Powell said.
Source: Loan Digest (loandigest.net)
Limit neg geared property to one per investor. Less demand, lower prices, more first home buyers.
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