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My Two Cents on the First Home Loan Deposit Scheme

My Two Cents on the First Home Loan Deposit Scheme

The Federal Government’s $500 million scheme for first-time homebuyers with a 5% deposit may fall short of expectations due to limited access and price caps in expensive markets like Sydney and Melbourne.

Parental Guarantors

Parental guarantees, using home equity as security for their children’s loans, can accelerate homeownership but carry the risk of jeopardizing the parents’ home if their children default.