First-home buyers face negative equity risk

More than 30,000 first-home buyers face potential negative equity as national home values fell again in July, with market predictions of a 10% plunge. The Coalition warns that buyers who entered the market through the 5% deposit scheme may now owe more than their homes are worth. Debate centres on whether the scheme should be means-tested after the government removed the $200,000 income cap and expanded eligibility to permanent residents.See omnystudio.com/listener for privacy information.