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Housing minister celebrates throwing thousands into negative equity

It has been a year since the Albanese government introduced its 5% deposit scheme for first home buyers, which lets them buy a home with only a 5% deposit, with taxpayers guaranteeing 15% of the purchase price and avoiding lenders’ mortgage insurance. Housing Minister Clare O’Neil posted a message on social media celebrating that Labor’s The post Housing minister celebrates throwing thousands…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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