Last-Ditch Property Pledge May Not Be Enough to Save Morrison

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Last-Ditch Property Pledge May Not Be Enough to Save MorrisonMorrison will offer guarantees for first-home buyers, meaning they only have to save 5% of the purchase price as a deposit instead of the 20% typically demanded by banks. With many young Australians priced out of the market by a five-year housing boom, the issue has been pivotal during the election campaign. Morrison’s conservative government trails the left-leaning Labor party 49% to 51%, according to a Newspoll published by the Australian newspaper on Monday.

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