Higher-earning Australians flocking to 5% first home deposit scheme with some borrowers earning over $200,000

<p><strong>Exclusive: </strong>Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Most Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high income earners.</p><p>The influx of high income earners into the first home guarantee program, economists warn, has pushed up property prices by increasing buying capacity for people who would have bought anyway.</p> <a href="https://www.theguardian.com/australia-news/2026/jul/07/first-home-buyers-guarantee-scheme-attracting-high-earners-raising-prices">Continue reading...</a>