Jane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

The aim of the scheme is to provide 10,000 guarantees per year, so the scheme is in fact quite modest in size and is unlikely to have a significant effect on house prices. On average, there are around 100,000 first home buyer loan commitments every year, so 10,000 guarantees would be modest in size.