Albanese’s good news for first-home buyers: 5% deposit and insurance exemption
Canberra, April 30 (Hibya) – Australian Prime Minister Anthony Albanese has announced a support package for citizens buying their first home.
According to Albanese, under the government’s new plan, first-home buyers will be able to purchase a house with just a 5% deposit and will be exempt from lender’s mortgage insurance.
Prime Minister Anthony Albanese emphasized that this step will help young people and low-income families enter the housing market more easily, stating, “We want to open the door for first-home buyers.”
The new support program aims to make home ownership more accessible, with further details to be shared in the coming days.
British News Agency
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