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Government extends assistance for first home buyers to stimulate building industry

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

In its latest stimulus measure, the Morrison government will extend its first home loan deposit scheme to an extra 10,000 home buyers.

But unlike existing arrangements, where people can purchase a new or existing home, these buyers will have to build a house or buy a newly-built property.

The condition is to direct maximum help to the residential...

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