@tomhawleymortgagebroker: Treasury said the 5% deposit scheme would move prices 0.5% over six years. Six months in, homes under the caps are up 6.7%. Nobody believed the modelling. We even ran polls on our socials before the scheme expanded, and two thirds of you said prices would rise by more than the government was claiming. You were right. On average across Australia, homes above the caps rose 3.6%… under the scheme's price caps rose 6.7% in six months!! The exact homes first home buyers are competing for got more expensive, faster. Nearly half of all suburbs were under the caps when the scheme launched. Six months later it's under 40% and shrinking. Either they're ignorant or they're liars. Personally, I think it's a bit of both.

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2026-07-09 08:45:55

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