US EditionLabor’s first home scheme to ‘result in higher prices’
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Labor’s first home scheme to ‘result in higher prices’
IF re-elected, Labor will support first homebuyers to purchase with just a five per cent deposit. But the plan to get more young Australians into their first home sooner and for less cash upfront will inevitably drive up home prices, economists have warned. Prime Minister Anthony Albanese on Sunday unveiled two big ticket election commitments aimed at addressing the country’s housing affordability crisis. If re-elected, the Government will suppo…
·Sydney, Australia
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