First home deposit scheme backfires as house prices tumble
The first home deposit scheme has faced significant challenges as house prices decline in various capital cities. Over 50,000 first home buyers are now at risk of financial loss due to this downturn. The situation raises concerns about the effectiveness of such schemes in stabilizing the housing market.
- ▪More than 50,000 first home buyers are at risk of losing money.
- ▪House prices have tumbled in some capital cities.
- ▪The first home deposit scheme has faced significant challenges.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.