Key Takeaway
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000Get our breaking news email, free app or daily news podcastThe government’s 5% deposit scheme for first home buyers has enabled the purchase of nearly 1,500 properties that were turned into investments, new data shows. The scheme is also helping hundreds…
Published August 5, 2026 · Category: News
Overview
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000
The government’s 5% deposit scheme for first home buyers has enabled the purchase of nearly 1,500 properties that were turned into investments, new data shows.
Details
The scheme is also helping hundreds of Australians earning more than $300,000 a year, after Labor stopped excluding high-income borrowers.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Nearly 1,500 properties bought using Australia’s first home buyers' 5% deposit scheme converted into investments" about?+
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000Get our breaking news email, free app or daily news podcastThe government’s 5% deposit scheme for first home buyers has enabled the purchase of nearly 1,500 properties that were turned into investments, new data shows.The scheme is also helping hundreds of Australians earning more than $300,000 a year, after Labor stopped excluding high-income borrowers. Continue re
Who reported this story?+
This story was reported by The Guardian World.