WA Government summons sub-prime first home buyers

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By Leith van Onselen

Earlier this year, leading real estate rent-seeker, the Property Council of Australia (PCA), pushed another idiotic policy “solution” to fix Australia’s housing affordability woes: offering a government-backed low deposit home loan scheme:

A government-backed low-­deposit home loan scheme could help address housing affordability by getting more buyers into the market and adding to the housing stock, according to the Property Council of 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.