Nearly 1,500 properties bought using Australia’s first home buyers' 5% deposit scheme converted into investments

AI Summary

New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000 Get our breaking news email, free app or daily news podcast 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. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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