A5
Australian 5% home-deposit scheme
Topic
What experts have said about Australian 5% home-deposit scheme
2 statements · 2 negative
Many participants in Australia’s 5% deposit scheme are already near negative equity.
“28,000 people who bought that absurd 5% deposit thing, they're almost basically are underwater now.”
Open the episode · Housing Crash Gets Real, NVIDIA’s AI Factory Gamble, Canva’s MarkdownListen at 6:54
Taxpayers will absorb losses from the government-backed housing scheme through write-offs or bankruptcies.
“the taxpayer is on the hook for it. And what will happen is either the government has to write that off on behalf of taxpayers or first bankruptcy”
Open the episode · AI Bubble, Waymo Ditches Uber, Jacinta Allan’s Disaster, KPMG Scandal and Jim Chalmers’ Crashes Housing in All the Wrong PlacesListen at 1:23:29
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
