EP. 1523 The First Home Buyers Making $100,000! in 3 Months???

🎉 1st of October = Christmas morning for first home buyers 🏡 From today, you can buy with just a 5% deposit (up to $1.5M) thanks to the new federal scheme. The gov’t covers the remaining 15% normally required for mortgage insurance ✅ 💰 Why it matters: No $20–40K lender’s mortgage insurance 💸 Entry costs drop from ~$300K to ~$100K on a $1.2M unit More buyers entering = more competition 📈 Expect: ✔️ Sub-$1.5M properties to rise ✔️ Knock-on effects into higher brackets ✔️ Units + smaller homes benefiting too But here’s the catch: buyers weren’t exactly lining up at midnight. The buzz is louder than the bite… for now.