Tens of thousands of Australians who used the 5% deposit scheme may face negative equity as Sydney and Melbourne house prices fall, experts warn of limited options and potential forced sales.
Experts warn a potential 10% property downturn could push new homeowners into negative equity, especially those under the government's 5% deposit scheme. About 300,000 Australians are at risk.
Australia's housing market sees price declines, a positive move towards affordability. Labor's budget changes reduce investor incentives, benefiting first-home buyers.
