Candidates are being cautioned not to underestimate the power of voters experiencing rental stress, following the launch of the first home-loan deposit scheme, which advocates say ignores the needs of nearly one million households living under housing stress.
The first home-loan deposit scheme is the centrepiece of the Coalition’s housing policy, promising to help 10,000 first home buyers into the market by allowing borrowers to top up a 5 per cent deposit to 20 per cent of a house’s value with a guarantee from the National Housing Finance and Investment Corporation.
The scheme has also been backed by Labor.
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Source: Pro Bono Australia