There will be expanded access to 5% deposits for first home buyers from 1 October. Follow today’s news live
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PM to seek meeting with Trump as ‘summit season’ approaches
Anthony Albanese and Clare O’Neil have taken a venture out to the Canberra ‘burbs this morning, to spruik the 5% deposit scheme.
[There are] a number of events over the coming months, we’re about to enter summit season, and I look forward to discussions continuing face to face, as they have been constructive when I’ve had discussions with President Trump up to now.
This is an uncapped scheme which is available to billionaires or the children of billionaires if they want to use a government program. I think we’re getting to a point where Australia is becoming a ridiculous nation where the taxpayer is underwriting mortgage insurance schemes for extremely wealthy people.
Just because a bird flew over a housing lot in 1971 shouldn’t mean we can’t have houses built today. And that’s frankly what’s happening now.
Source: World news | The Guardian.
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