Business
Help for first-home buyers ‘not a game-changer’ for apartment market, experts say – Domain News
Australia’s softening apartment market is going to need more than just the first-home buyer lifeline that the government offered in Tuesday’s federal budget.
The federal governments extended plan to help first-home buyers onto the property ladder through newly built homes will not be enough to jump start Australias weakening apartment markets, experts have warned.
An extra 10,000 first-home buyers will be able to access the governments First Home Loan Deposit Scheme with increased price caps on the condition they buy newly built homes, including apartments.
The scheme enables first-home buyers to get into the market with a deposit as low as 5 per …
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