Low Deposit, High Stakes: Inside Australia’s 5% Revolution

In this Australian Property Podcast episode, your hosts Pete and Gemma discuss whether first homebuyers should use the 5% deposit scheme

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About this episode

In this Australian Property Podcast episode, your hosts Pete Wargent of Allen Wargent Property Buyers and Gemma Mitchell from Rask discuss whether first homebuyers should use the 5% deposit scheme.

Here’s what they cover:

  • Criteria for qualifying for the new scheme 
  • The new property price caps
  • Getting the right loan
  • Managing cashflows
  • Retaining a buffer
  • The benefits of using the 5% deposit scheme
  • The risk and the drawbacks
  • And their summary thoughts and tips. 

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