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The one major benefit and multiple hidden dangers of buying a Brisbane home with a 5% deposit
Manage episode 509233500 series 3351066
Domain's Chief of Research and Economics, Dr. Nicola Powell joined Jason Matthews to detail the massive expansion of the First Home Guarantee, which now has unlimited places and allows buyers into the Brisbane market with just a 5% deposit for properties up to $1 million.
However, Dr. Powell cautions that this demand-side scheme doesn't change mortgage serviceability rules and will likely elevate property prices.
See omnystudio.com/listener for privacy information.
131 episodes
Manage episode 509233500 series 3351066
Domain's Chief of Research and Economics, Dr. Nicola Powell joined Jason Matthews to detail the massive expansion of the First Home Guarantee, which now has unlimited places and allows buyers into the Brisbane market with just a 5% deposit for properties up to $1 million.
However, Dr. Powell cautions that this demand-side scheme doesn't change mortgage serviceability rules and will likely elevate property prices.
See omnystudio.com/listener for privacy information.
131 episodes
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