Fidelity: ScoMo’s first home buyer bribe to make affordability worse

By Leith van Onselen

Fidelity International investment specialist Anthony Doyle has taken direct aim at Scott Morrison’s first home buyer (FHB) deposit subsidy scheme, claiming that it will actually make housing affordability worse by pushing up prices. From The AFR:

Mr Doyle said that introducing subsidies on the buy side doesn’t address housing affordability. He said the result of such schemes is to drive up demand…

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