Treasurer Scott Morrison praises plan that could wipe 25 per cent off cost of new home

By Eryk Bagshaw
Updated March 6 2017 - 8:54pm, first published 8:51pm
The model could cut up to 25 per cent off the initial purchase price of a property. Photo: Rob Homer
The model could cut up to 25 per cent off the initial purchase price of a property. Photo: Rob Homer

Home buyers would only have to pay for 75 per cent of their total house price under a plan praised by Treasurer Scott Morrison less than eight weeks out from a federal budget designed to help ease Australia's housing affordability crisis.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Wollongong news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.