A financial expert says the changes to first-home loans and first-home grants announced in Budget 2022 gives a "big leg-up" to first-home buyers.
The first-home loan scheme allows buyers to purchase a home with a 5 percent deposit - previously the scheme had a property price cap, now it doesn't.
The first-home grant scheme can give first-home buyers up to $20,000 for a deposit which also has a price cap - that cap has now been raised.
Frances Cook told AM these schemes will allow first-home buyers to access the market again.
She added the previous price caps on the schemes were "unrealistic" for first-home buyers with house prices "skyrocketing".
Watch the full interview above.
