New 5% Deposit Scheme Explained: How to Get Into Property Sooner

03/10/2025 12 min Episodio 916
New 5% Deposit Scheme Explained: How to Get Into Property Sooner

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Episode Synopsis

In this Finance Friday edition of Wealth Coffee Chats, we unpack the newly renamed Australian Government 5% Deposit Scheme and how it can help first home buyers and single parents enter the market faster. You'll learn how the expanded eligibility, higher property price caps, and unlimited places can make a big difference—especially in cities like Sydney, Brisbane, and Melbourne. Plus, we explore some surprising data from CBA showing most borrowers are still making higher repayments—even after rate cuts.

This episode is a must-watch for first-time buyers, young investors, and parents helping their kids get started in the property game.

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