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National Expands 5% Deposits for First Home Buyers: Does It Stack Up? | Episode 534
Description
A 5% deposit could get thousands more Kiwis into their first home - but is it really as good as it sounds?
James and Mike unpack National’s proposed changes to the First Home Loan scheme, including the new $300,000 income threshold, what buying with just 5% actually looks like, the risks of taking on more debt, and whether bringing more first-home buyers into the market could ultimately push property prices higher.
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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.