One mortgage broker has told Sky News that a policy, which has been in place since 2003, has had a ‘lukewarm’ response, with just 10 per cent of first home buyers using the scheme.
Craig Pope says it fills a ‘niche’ group of people: those unattractive to the banks but who can fulfil their repayment obligations. While the scheme in New Zealand requires a 10 per cent deposit, the plan announced by Mr Morrison, and backed by Labor, would allow first home buyers to purchase a house with just a five per cent deposit. Image: News Corp Australia
It works in New Zealand, but has low numbers using it due to the overpriced housing market and unrealistic expectations of firsthomebuyers
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Scott Morrison rules out revisiting big business tax cuts | Sky News AustraliaPrime Minister Scott Morrison has ruled out revisiting big business tax cuts following the release of a new attack ad from Labor. \n\nThe advertisements suggests that if re-elected, the Coalition will reconsider the corporate tax cuts, particularly after forming a preference deal with Clive Palmer.\n\nMr Morrison says he can ‘absolutely, 100 per cent’ rule out revisiting the policy.\n\nThe Prime Minister made the promise while campaigning in the Nationals-held seat of Cowper on the NSW mid-north coast, believed to be under serious threat from Independent Rob Oakeshott.\n\nImage: News Corp Australia\n\n\n\n\n\n\n 😂 I think I may have just seen a flying 🐖
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