Coalition to expand first home buyer subsidies

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Earlier this month, Housing Minister Michael Sukkar was interviewed by Sky News where he signaled that the Morrison Government would indefinitely subsidise first home buyers’ property purchases:

“I expect that this will be a feature of the Morrison Government’s policy prescription going forward for helping people getting their first home”…

Now we have confirmation that the Morrison Government is expected to expand its first home buyer (FHB) deposit subsidy scheme in the October Budget:

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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.