Australia's 5% deposit scheme for first home buyers is being widely used, with a significant portion of new participants earning above the previous income caps. Economists suggest this has inflated property prices by increasing buying capacity for those who would have purchased anyway.
Donald Trump admitted lobbying FIFA over a red card ban, Australia faces extreme heatwave risks for young people's mental health, and scientists captured bee facial expressions. Meanwhile, wildfires rage in Europe, and a footballer died after a clash in Melbourne.
Australia's government-backed 5% deposit scheme is predominantly used by first home buyers, with a third of new participants exceeding previous high-income caps. Economists warn this expansion, intended to ease entry, has inflated property prices by boosting buying capacity for those who would have bought anyway.
Hanoi's People's Committee proposes a social housing fund to provide affordable rental housing for low-income individuals, workers, and essential professionals. The fund will be established through various methods, including new public investment projects, purchasing commercial and social housing, and accepting donations.
The National Participation Growth Fund, launched with government support, sold out on its first day, with nearly 40% of bank sales going to low-income individuals. This indicates a significant inflow of funds from ordinary citizens into the capital market.
South Korea began accepting applications Monday for a second round of cash assistance for the bottom 70% of income earners, aiming to ease financial strain from rising fuel prices. Eligible individuals can receive up to 250,000 won.
