The Savings Tip Jar

One glaring problem with the Help to Buy scheme, with Brooke Cooper


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The government's Help to Buy scheme, which provides up to 40% of the home's value for first home buyers, looks like a clear winner. However - on top of philosophical debates about government intervention - there's one glaring issue our finance journalist Brooke Cooper has pointed out: income caps. They have the potential of keeping you in a low income trap, otherwise the government could withdraw its support because you got a pay rise!

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The Savings Tip JarBy Savings.com.au