National says it will expand a first-home buyer loan scheme that allows purchases with a 5% deposit if it is re-elected. The proposal focuses on widening eligibility by raising the income limit tied to the existing First Home Loan Scheme.
Both outlets report that National would increase the scheme’s income cap to $300,000. That change would allow more households to qualify for the reduced-deposit pathway, which is designed to make it easier for people buying their first home to enter the market. The policy is framed as an adjustment to current settings rather than a brand-new program.
While the coverage is broadly aligned on the key details—5% deposits and an income threshold of $300,000—there is minor variation in wording. One outlet describes the plan as extending an existing scheme’s income cap, while the other describes it as expanding access to first home buyers loans following re-election. Neither source provides additional specifics about the scheme’s implementation, timeframe, or other eligibility conditions.
