Insiders: Morrison’s FHB deposit subsidy to lift property prices

Various property insiders agree that the Morrison Government’s first home buyer (FHB) deposit subsidy is likely to raise property values when it is introduced in January, thereby eroding housing affordability:

SQM Research real estate analyst Louis Christopher said the Morrison government’s free LMI for 10,000 first-time annual buyers would “marginally” increase prices from January…

“Past first home buyer schemes have tended to only benefit people who used them at the very start, because the remainder of people had to pay a price over and above the value of the grant”…

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