April 29, 2024

There needs to be greater access to bank finance for low-income-earners and first homebuyers

We ask the questions: should deposits for first home buyers be set at a more modest rate of say 5 per cent, with banks paying Lenders Mortgage Insurance?  Should a discounted interest rate be offered, like 1 per cent over the cash rate for the first 5 years? Should first home mortgages be tax deductible?

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