Has it just got easier or harder to get into the property market?

The federal government's Home Guarantee Scheme is expanding today, meaning more Australians will only need to pay a five per cent deposit on a property.

Under the changes, there will be no income limits, meaning all first time buyers are eligible. 

• Guest: Clare O'Neil, Minister for Housing, Homelessness, and Cities 
• Producer: Isadora Bogle