Navigating the 5% Deposit Scheme

This chapter explores the implications of a new 5% deposit mortgage scheme for first home buyers, focusing on the increased accessibility it offers along with the associated challenges. It discusses the growing barriers to home ownership due to rising house prices and changing income multiples, as well as the government's efforts to boost housing supply. Additionally, it highlights the potential impact of this scheme on the housing market and historical trends influenced by first-time buyer incentives.