First home buyer scheme found to be fuelling price increases at lower end of market, Cotality suggests
https://www.abc.net.au/news/2026-04-23/first-home-buyer-scheme-pushing-up-price-of-cheaper-housing/106593276?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other
16 Comments
Haven’t we known this for years?
The purpose of a system is what it does
The scheme protects demand, in a supply vs demand balance. Demand fuels price upward momentum. It performed as intended.
Yeah no shit.
Pump up the demand, make no meaningful change to the supply, what else was going to happen?
Was it “found to” be fueling it or is the opposition suggesting it. Because they are not the same thing.
I was mocked and ridiculed on here when I suggested that any government including labor can’t actually help with the housing crisis, at least without getting the boot.
Scheme doing exactly what critics of the scheme said it would do.
I think we are all clear now that the only lever the government has that doesn’t lead to an increase in house prices is to increase supply (build houses) or reduce demand (let in less immigrants, reduce investors). Articles like this are a bit ‘water is wet’.
Doesn’t mean activities like this are inherently flawed but if they do enable people who couldn’t previous afford to buy to do so, but yeah prices will jump a bit, no shit Sherlock.
I think we’d all just like to see an modest increase in supply that slows house price to a crawl that means people can buy homes and people who own homes aren’t going to swing to the other party to avoid losing ‘equity’ because they feel their about to get financially ruined
In other news, water found to be wet
First home buyer means nothing when you have to compete with people who are just hoarding properties
Anything other than social housing will increase prices.Â
But that’s the point, it’s a feature not a bug.
Der. Gov knew and knows already.
Only people who don’t know are the suckers who can get caught with negative equity
Labor promised house price growth, here we are.
Well.. yeah
No shit. It is exactly as if Labor wants house prices to go up as the core principle of their approach to housing crisis.
They are against the idea of housing being affordable. The housing minister let it slip a while that Labor wants prices to rise even further and does not want affordable housing to be a possibility as a result.
Surprised pikachu.