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Fewer people in Australia are likely to get financial advice in the wake of the Hayne Royal Commission – the inevitable consequence of implementing the final report’s wide-ranging recommendations.
The Coalition has put forward a scheme to help first home buyers get into homes, under which the government will underwrite a loan of 15 per cent of the value of the home, to be treated as part of their deposit, taking a deposit of 5 per cent up to 20 per cent.