The New Policy That Will Skyrocket House Prices: 5% First Home Guarantee

In this episode of Property Now, Michael Carbone and Chris Ferris unpack the Albanese government’s expanded First Home Buyer Guarantee Scheme, where you can now buy with 5% deposit and no LMI - even if you earn over $1M a year. They break down: What’s changed and why it’s a huge deal for buyers. How the policy could add fuel to the fire of Australia’s housing crisis. The real pros, cons, and traps first-home buyers need to know. Why this move could make the government more invested than ever in keeping property prices high. If you’re thinking about buying your first home or investing in 2025, this is one episode you can’t afford to miss.🔔 Don’t forget to subscribe to our channel for more discussions on property trends, financial strategies, and insights into the Australian property market. Hit the notification bell to stay updated with our latest episodes!🌟 If you have a question for the team, a PropTok you would like to send us or are interested in coming on the show, head over to our website to get in touch! https://www.coposit.com.au/resources/property-now📢 Found this video valuable? Give it a thumbs up and share it with friends, family, or anyone interested in saving money and getting ahead in the property market.🏠 This podcast is brought to you by Coposit, where $10k means you can buy a brand-new home. To learn more about how it works and browse properties, visit: www.coposit.com.au00:00:00 - Introduction00:00:29 - First Home Buyer Guarantee Scheme00:00:48 - Changes in the Scheme00:01:13 - Implications of the Changes00:04:56 - Pros of the Scheme00:07:17 - Cons of the Scheme00:15:04 - Continuing Impact of the Scheme00:15:14 - The Domino Effect on Property Prices00:16:07 - Increased Demand and Supply Issues00:17:16 - Government's Role and Challenges00:19:34 - Government's Short-Term Solutions and Long-Term Effects00:20:07 - Personal Opinions on the Scheme00:21:21 - Final Thoughts and Advice00:22:48 - Closing Remarks