A Sydney woman found herself in a race against the clock to buy an affordable home with her fiance amid warnings property prices could skyrocket under the federal government's new five per cent deposit scheme, which comes into effect today.
Linh Hoang, 29, was in the middle of a "deflating" journey trying to buy a house in the NSW capital when she realised the first home buyers scheme was creeping up – and it has the potential to send property prices skyrocketing.
Hoang told 9news.com.au she and her partner, Jeffrey, purchased a house and land package in western Sydney just three months ago.
READ MORE: Micki thought he'd lost $150,000. Then an email landed in his inbox
Do you have a story? Contact reporter April Glover at Google Play.