Up to 10,000 eligible buyers will be able to enter property market with a 5% deposit, with a $700,000 cap on houses in Sydney and $600,000 in Melbourne
The Morrison government has announced further details of its first-homebuyer deposit scheme, an election promise that stands to benefit up to 10,000 Australians each year.
The government has also announced price caps for support through the scheme, which is $700,000 for a house in Sydney and $600,000 in Melbourne.
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