Bajet 2011 : 100% Loan on your first house

What i really loved about the next year budget, mainly about the the 100% loan on buying your first house. Which provided that your income is below 3000 per month.

This is really an advantage to youth who just started their work. Property is really good investment.

Before this to buy a house you have to provide 10% deposit. Let say your  the price of the house is about 200k then you have to prepare about 20k. It takes quite sometimes for you to have that amount of money plus you have to save up to get married buy a car, thats why most people only have their own house when reaching 30+.

So this is a big opportunity to youngster to start buying a house which is a good investment. then maybe they can save up and invest in something or at least in ASB .  

But of course the interest might be higher which me myself not sure about it, but like i just before its a good investment. 

I will finish my study in about one and half years, hope that this policy will remain because i really interested in buying a house in early age : )