Warnings issued over unintended consequences of DTI limit

Borrowers will only be able to apply for CBA loans under the Help to Buy scheme directly, as it will not be offered through the broker channel at launch.

The government’s shared equity initiative will open to applicants on 5 December, marking the start of the long-planned program.

Buyers now need over a decade to save a 20 per cent deposit, with the median house value now 8.9 times higher than the median income, according to Cotality.