theguardian.com
Albanese to pledge $10bn to help build 100,000 homes for first-time buyers
Under the scheme, open to all first home buyers, people would need only a 5% deposit, with federal government helping them avoid mortgage insurance
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Anthony Albanese will pledge $10bn to help build 100,000 new homes nationwide, reserved exclusively for first home buyers, as the centrepiece of Labor’s election campaign launch on Sunday in Perth.
Labor would open up to all first home buyers a program allowing people to secure a home with only a 5% deposit, with the government guaranteeing part of the deposit. It will also announce moves to help buyers avoid pricey mortgage insurance.
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