From October 1st, first-time home buyers will be able to purchase a home with a deposit of just 5%, with the government guaranteeing a portion of the loan.

Shadow Housing Minister, Senator Andrew Bragg, joined Gary Hardgrave on 4BC Drive to explain why the coalition immediately slammed the scheme as ‘bizarre and ridiculous’.

Hear more highlights from 4BC Drive below and download the 4BC App on iOS or Android to ensure you don’t miss a thing!

Image: iStock

Download this podcast here