Another sub-prime housing affordability ‘solution’ emerges

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By Leith van Onselen

News.com.au is pushing an idiotic policy ‘solution’ to fix Australia’s housing affordability woes: offering a government-backed low deposit home loan scheme:

THIS could be the model to solve the first homebuyer crisis in Australia.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.