The Australian Treasury’s propaganda modelling, released ahead of the introduction of the Albanese government’s 5% deposit scheme for first home buyers, forecast that the policy would only lift home values by a cumulative 0.6% over a six-year period.
Prime Minister Anthony Albanese and Housing Minister Clare O’Neil used Treasury’s modelling to deflect allegations that the policy would make housing less affordable by increasing home prices.
No analyst believed the Treasury’s modelling.
