Original article by Rosie Lewis
The Australian – Page: 1 & 4 : 18-Jul-19

The federal government’s First Home Loan Deposit Scheme is slated to commence on 1 January, and it will initially be restricted to 10,000 borrowers. Housing Minister Michael Sukkar says the government may be open to expanding the scheme if it is popular. He adds that if possible, prospective buyers should step into the housing market now rather than waiting for the scheme to begin, as there are signs that the market is improving. Sukkar is confident that unlike first-home buyers’ grants, the scheme will not have a distortionary impact on the housing market.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. NATIONAL HOUSING FINANCE AND INVESTMENT CORPORATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA