Senate debates Bills
National Housing Finance and Investment Corporation Amendment Bill 2019; In Committee
Jane Hume Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology
5:22 pm
The aim of the scheme is to provide 10,000 guarantees per year, so the scheme is in fact quite modest in size and is unlikely to have a significant effect on house prices. On average, there are around 100,000 first home buyer loan commitments every year, so 10,000 guarantees would be modest in size.
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