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First-time buyer wary of Budget housing loan scheme

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Core Development: First-time buyer wary of Budget housing loan scheme
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Market & Financial Impact: Luke Anstee has been saving for three years but says rising living costs make home ownership harder.
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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

Luke Anstee said years of moving around with his Army family left him wanting a place to call home

For Luke Anstee, buying a first home would mean more than getting on the property ladder.

The 23-year-old hopes it would give him the chance to put down roots after spending much of his childhood moving around because of his father's Army career.

Further details of the government's proposed Your First Home scheme are expected in Wednesday's Budget, with ministers saying it could help first-time buyers purchase a property with a deposit as low as 2.5%.

"I don't think I've ever stayed in one place for more than three years at a time, so it would be nice to actually have somewhere where I can stay," he said.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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