First-home buyer scheme capped as Labor calls for more details

First home buyers - hoping to take advantage of a new government scheme allowing them to have just a five per cent deposit - have learned the maximum cost of the property they will be able to buy. The government revealed state-by-state price caps - as well as more details on who will benefit.

Residential housing is seen in Sydney's west, Thursday, July 26, 2018. Source: AAP