Episode Details

Victorian homebuyers, predominantly couples over thirty earning $157k, have embraced the federal five percent deposit Home Guarantee scheme, with 89,400 sign-ups since 2020. The programs expansion in October 2021, lifting income caps and price limits, has led to price surges in affordable suburbs. Experts warn of increased demand without supply, potentially causing price hikes and market cooling. Brokers advise buyers to consider long-term living in homes, not quick flips, as nearly every first-home buyer now uses the scheme.

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