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Natalie Peng, Lecturer in Accounting, The University of Queensland

This little-known scheme can help first home buyers save thousands more for a deposit, with less tax

Vitaly Gariev/Unsplash

Saving for a first home is already hard enough. So when a federal budget change appears to make some popular savings strategies less attractive, it is no surprise people are worried.

Since last week’s budget, concern has centred on young Australians who are using shares or exchange-traded funds (ETFs) to save for a home deposit. About one in ten people under 35 own shares, according to Treasurer Jim Chalmers.

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