If you look at say a 40k deposit between two people... You have the First home fund contributing 25k so you’re looking for 15k of savings between 2 people.
7.5k savings over a year where a lot of people haven’t had expensive holidays or days out etc is achievable for a lot people.
The money to offer over the home report I have no idea but I imagine a lot of the cash parents would usually contribute towards a deposit is now getting used for this instead?
Edit - You also have people already on the ladder. With prices as they are if they’re selling they’ll have extra cash to offer over |