All first home buyers will be able to enter the property market with just a 5 per cent deposit from next year under a new policy to be unveiled by Labor that could significantly boost housing demand if it wins the election.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
