I think you need to do I little reading before commenting FROM80.
1.There are stamp duty exemptions in place for first homebuyers. They only pay stamp duty on amounts over the threshold.
2.If cash rate is 3% you should be looking at interest rates easily around 4.75%
3.It is still easy to get 95% LVR's, so they would only need 5% deposit plus money for legals LMI. That would be what 7% deposit. If that was on 400k = deposit 28k - 14k FHBG = 14k deposit. for a 400k property.
4.Nothing to stop them starting off smaller maybe a small apartment. So on 200k they wouldn't even need a deposit. But if they did even better they could reduce or negate LMI.
