Business & Finance
Nearly 1,500 properties bought using Australia’s first home buyers' 5% deposit scheme converted into investments
The Guardian World
Wednesday 05 August 2026, 15:00 UTC
By Luca Ittimani
1 min read
Key Points
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000Get our breaking news email, free app or daily news podcastThe 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. The scheme is also helping hundreds of Australians earning more than $300,000 a year, after Labor stopped excluding high-income borrowers.
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000
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.
The scheme is also helping hundreds of Australians earning more than $300,000 a year, after Labor stopped excluding high-income borrowers.
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Originally published by The Guardian World
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