5% deposit scheme sparks debate over first-home buyer market impact, as experts weigh risks for new investors
The Australian Government’s 5% deposit scheme for first-time homebuyers has sparked discussions about its impact on the property market.
On the episode of The Property Playbook, Tim Graham is once again joined by Michael Pell, Managing Director of Propell Property, to explore the scheme’s effects on home-buying dynamics.
Pell explains that while the deposit scheme facilitates access to homeownership, it also increases competition among buyers, leading to inflated prices in some markets. There is a correlation between lower interest rates and heightened buyer activity, creating a “perfect storm” for investors.
