First-home buyers are getting a major boost as the government ramps up its First Home Loan scheme, lifting income caps to $300K for singles and couples — a huge leap from 2022 limits. Despite last year’s cost hike from scrapped mortgage insurance subsidies, applications are surging: 7,700 approvals in ten months and a 31% jump in purchases, with first-time buyers now making up over 35% of the market. Meanwhile, inflation is easing under the new government, even if it’s still slightly above target — Prime Minister says keeping it stable is key to lowering interest rates, fueling growth and job creation, helping everyone — especially homebuyers — get ahead.
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