EconomyNearly 1,500 homes bought through Australia’s 5% deposit scheme turned into investments
New data shows that Australia’s federal 5% deposit scheme for first-home buyers has supported the purchase of nearly 1,500 properties that were later converted into investments. The program is also benefiting hundreds of Australians earning more than $300,000 a year. High-income borrowers were no longer excluded after Labor changed the rules. One couple using the scheme reported annual earnings of $674,000.
TThe Guardian★★★☆☆2026-08-05 15:00Original
Nearly 1,500 homes bought through Australia’s 5% deposit scheme turned into investments
Economy