Cheaper houses have lift-off as guarantee takes effect

Cheaper Homes Jump in Price After Five Percent Deposit Guarantee Takes Effect

The federal government’s signature housing policy appears to have triggered a divergence in the market, making lower-priced houses less affordable for first homebuyers. Prime Minister Anthony Albanese won re-election after campaigning on a five percent deposit guarantee, implementing the policy on Oct. 1. In the weeks before the expanded scheme took effect, senior Labor ministers argued it would not lead to runaway house price growth. However, t…

Cheaper houses have lift-off as guarantee takes effect

A five per cent deposit guarantee is helping first homebuyers into the market - but ensuring they pay more for the privilege.

Labor’s home loan guarantee fuels a price surge in cheaper homes

Data shows real estate eligible for the scheme, meant to help first home buyers borrow money, has risen far quicker in value than houses above the cap.