Support for 5% Home Loan Deposit Scheme 

Q: The Federal Government has recently introduced a 5% home loan deposit scheme for first homebuyers. This allows people buying their first home to do so with only 5% deposit, with the loan being guaranteed by the government and not requiring mortgage insurance. The scheme is designed to allow first homebuyers to purchase at values that would usually be out of their reach, but critics of the scheme say it is simply push up house prices even more. Do you support or oppose this 5% Deposit Scheme?