First-home buyers can now get onto the property ladder with a deposit of as little as 5 per cent. But not everyone says it is a good thing.

Scheme is aimed at bridging the mortgage and deposit finance gap for first-time buyers

Scheme is aimed at bridging the mortgage and deposit finance gap for first-time buyers

Buyers say the Government’s 5 per cent deposit scheme has worsened the affordability crunch it aimed to fix.

Buyers say the Government’s 5 per cent deposit scheme has worsened the affordability crunch it aimed to fix.

From today, all first home buyers can get into the market with a five per cent deposit. But it’s not means-tested, which entrenches inequity.

Sydney woman Linh Hoang and her fiance Jeffrey managed to buy a home just before the government's five per cent deposit scheme kicked in.

From October 1, more first home buyers can purchase a property with a deposit of just 5 per cent. But that doesn’t necessarily mean they should.

From October 1, more first home buyers can purchase a property with a deposit of just 5 per cent. But that doesn’t necessarily mean they should.

First-home buyers only need a five per cent deposit to get into the market now, leading to fears it could fuel rising house prices.