News

Loans for first home buyers cut

Friday 1st of June 2012

Housing spokeswoman Annette King said the Government's claims that the need for the scheme had dropped because of low interest rates and a higher rate of bank lending did not hold water.

Funding for Welcome Home Loans, in which loans up to $350,000 to borrowers with joint incomes below $85,000 annually  are underwritten by the Government, has been cut from $7.8 million to $4.3 mill...

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