Fresh data shows nearly 1,500 homes purchased under the federal government's 5% deposit scheme have been flipped into investment properties.
It’s a bit of a plot twist for an initiative built on a very specific promise: helping everyday Aussies get onto the property ladder as owner-occupiers with just a fraction of the usual deposit and zero lenders mortgage insurance.
In this episode of The Briefing we revisit Helen Smith's chat with David Koch from last year about the scheme to get you across how it all works and what you need to know about it.
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