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.
