Key Takeaway
Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positionsGet our breaking news email, free app or daily news podcastMost Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners. The…
Published July 6, 2026 · Category: News
Overview
Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions
Most Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners.
Details
The influx of high income earners into the first home guarantee program, economists warn, has pushed up property prices by increasing buying capacity for people who would have bought anyway.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000" about?+
Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positionsGet our breaking news email, free app or daily news podcastMost Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners.The influx of high income earners into the first home guarantee program, economists warn, has pushed up property prices by i
Who reported this story?+
This story was reported by The Guardian World.