First home buyers are being urged to purchase properties now, before the government kicks off their loan deposit scheme next year. The Australian reports Housing Minister Michael Sukkar is warning house prices will likely increase.
The claims come as Scott Morrison finalises the scheme, which will start from the January 1, allowing first home buyers to put as little as a 5 per cent deposit down on their home. Singles earning up to $125,000 and couples earning a combined $200,000 or less will qualify. Image: Getty
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