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.
Disclaimer: We would like to inform you that the opinions expressed in the segment are those of the talent himself. This information may not be appropriate for you - contact your tax agent or financial advisor for accurate advice on your situation.
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