Five per cent home deposit scheme fuelling price hike, report suggests

Five per cent home deposit scheme fuelling price hike, report suggests

New research from property analytics firm Cotality appears to show that the Home Guarantee Scheme, intended to help first home buyers, may be worsening entry level affordability.

First home buyer scheme leading to housing price rise

A scheme allowing more first home buyers to enter the property market may be driving up house prices. A report released on Thursday by Cotality found homes on the lower end of the property market eligible for the federal government’s five per cent deposit scheme recorded stronger price growth than higher-priced houses. In the first six months after changes were made to expand the scheme, the price of eligible homes rose by 6.7 per cent, compared…

First home buyer scheme fuels competitive tensions at the lower priced end of housing market

Our housing markets are fragmenting. New analysis from Cotality shows that since October last year, properties with an estimated value below the 5%...