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SBS Nepali Finance Talk: Will the Home Guarantee Scheme actually help the housing crisis?
Some 70,000 first home buyers are expected to use the government scheme in its first year. Source: AAP / Lukas Coch
The government’s First Home Buyer Guarantee scheme will give thousands of renters, who struggle to save the usual 20 per cent home deposit, the chance to enter the property market. But experts say the scheme, brought forward by three months to October, may not be as helpful as it initially sounds. They say it leaves those using the scheme financially vulnerable and shuts out low-income earners. We spoke with financial advisor Bishwas Bhattarai and asked him about the scheme’s specifics and other topics related to the Australian real estate market.
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