Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 13-May-19

Prime Minister Scott Morrison has used the Coalition’s official election campaign launch to announce a First Home Loan Deposit Scheme. The $500m scheme will allow Australians to buy their first home with a deposit of just five per cent rather than 20 per cent, with the government to underwrite the balance via its National Housing Finance & Investment Corporation. Labor responded by announcing that it will match the policy while pressing ahead with its negative gearing reforms. Morrison also committed to providing $4bn worth of federal funding for the East West road link in Melbourne.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. NATIONAL HOUSING FINANCE AND INVESTMENT CORPORATION