The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit.
It is the boldest version yet of a policy first introduced under the Morrison government.
But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes.
Today, leading economist Saul Eslake on Labor’s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis.
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Guest: Economist Saul Eslake
Photo: AAP Image/Dan Himbrechts
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