Business
Federal budget 2020: What first-home buyers can buy with the expanded loan scheme – Domain News
Caps on prices for the First Home Loan Deposit Scheme were raised by as much as $250,000. So what can first-home buyers get for their money in their cities?
First-home buyers looking to take advantage of the federal governments raised price caps for the First Home Loan Deposit Scheme will still need to go to the outer suburbs in the capital cities to buy a house.
Tuesday nights budget announcement revealed the scheme would give another 10,000 first-home buyers an opportunity to get into the property market across Australia with a 5 per cent deposit, but this time they would be required to buy a new home.
Caps on prices were also raised by as much …
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