First home saver accounts take off

As the housing market accelerates, first home saver accounts are gaining popularity.

It seems more Australians are discovering the benefits of first home saver accounts but generally speaking, few still know about them.

Introduced by the federal government during the global financial crisis as a measure to support first home buyers, the value of holdings in these special savings accounts has surged by more than $100 million in less than 12 months.


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