Trump urged to stay with AUKUS + Kochie on 5% home deposit scheme

Tuesday Headlines: AUKUS has come under further US scrutiny, Israeli strike kills at least 20 people, including five journalists and health officials in Gaza, The Wiggles are headed for court, Third person charged in Pheobe Bishop case, Australia’s youngest senator makes maiden speech.

Deep Dive: The federal government has fast tracked the expansion of the First Homebuyer Guarantee, allowing more Australians to buy a home with a 5% deposit from October.  

The Treasury estimates the new eligibility caps on income and home prices will see an extra 20,000 guarantees will be issued within the first year, but is it all too good to be true? 

In this episode of The Briefing, Helen Smith is joined by David Koch, Compare the Market’s Economic Director, to explain what the scheme means for the housing market and if the pros outweigh the cons for first homebuyers.  

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