No deposit for first homebuyers

Date
Andrew Broad says banks should forgo a deposit from first-home buyers who have a 3 year rental history.

Andrew Broad says banks should forgo a deposit from first-home buyers who have a 3 year rental history. Photo: Supplied

A local MP has come up with a way to assist first home buyers. 

Nationals MP Andrew Broad has suggested buyers with a perfect rental history should be able to purchase a house without a deposit. 

Mr Broad says it is a way of "swinging back the advantage" to a first home buyer and not an investor. 

He says as long as the house payments are somewhere near your rental price banks should consider it. 

He spoke with Oliver Peterson. 

 

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