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When the Albanese government announced in August last year that it was bringing forward the start of its expanded 5% deposit scheme, it was widely criticised by property experts as a catalyst for further price rises in an already hot market.
A recent report from Cotality confirms that the concerns were justified.
For homes under the price cap, prices rose by 3.6% in the final quarter of last year, which fully encompassed the scheme’s impact from its October 1st start date.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.