Five per cent deposit scheme: Can I borrow 1.5m to buy a house?

The government's recently announced a change to housing policy that means first home buyers only need a 5 per cent deposit to enter the property market ... but is it that simple? We spoke to a mortgage broker to find out what a single person on a median salary could realistically afford. #housing #housingcosts #costofliving Subscribe to more Feed content HERE: https://bit.ly/3e9mv1q The Feed is the home of inspiring documentaries, hard-hitting investigations and razor-sharp satire. We invite our audience to see different, know better and laugh harder. Instagram: https://www.instagram.com/thefeedsbs/?hl=en TikTok: https://www.tiktok.com/@thefeedsbs X: https://twitter.com/thefeedsbs?lang=en Facebook: https://www.facebook.com/thefeedsbs Read more: https://www.sbs.com.au/news/the-feed See more: https://www.sbs.com.au/ondemand/program/the-feed Network Terms & Conditions: https://www.sbs.com.au/terms Privacy Policy: https://www.sbs.com.au/privacy Feedback or complaints: https://www.sbs.com.au/complaints