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Michelle Grattan, Professorial Fellow, University of Canberra

Albanese government to bring forward start of its home deposit guarantee changes

The Albanese government is bringing forward by three months to October 1 implementation of its 5% deposit guarantee for all first home buyers purchasing properties up to a specified limit.

The universal guarantee was an election promise.

The bring-forward, from January 1, is part of a flurry of government activity after last week’s economic roundtable that paid a lot of attention to the housing affordability and shortage issues.

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