What is 'mortgage guarantee' for first home buyers? Bishwas Bhattarai explains

From January 2020, the federal government's initiative to help ten thousand first home buyers will start. Who will be eligible for this deposit guarantee scheme? Finance adviser Bishwas Bhattarai had this to say.

Bigger mortgages reduce home owners' household spending in other areas, a new RBA report says. (AAP) Source: AAP

Topics discussed in this segment includes:

Property prices in Sydney and Melbourne rise but Perth sees prices declining.

Decline in 'off the plan" apartment values impacting mortgage holders.

 

Note: We’d like to point out that the information contained in this segment is general and is not specific advice. If you would like accurate information relevant to your situation, you should ask your tax agent, Accountant, or financial planner.