Minister’s Bold Call on Housing Scheme

Minister’s bold call on housing scheme

It’s been barely a month since the Albanese government expanded the 5 per cent deposit scheme for homebuyers amid warning property prices would soar.

5 Percent Housing Scheme Under Scrutiny as Prices Jump at Fastest Rate in Over 2 Years

Australia’s expanded first-homebuyer deposit scheme has triggered the sharp price reaction, with housing values experiencing a steep jump just one month after launch. National prices climbed 1.1 percent in October, the fastest monthly rise in more than two years, outpacing Treasury’s own modelling, which forecast only a 0.5 percent lift spread over six years from the policy. The program, rolled out on Oct. 1, helps first-homebuyers enter the mar…

Australian National Review - 5 Percent Housing Scheme Under Scrutiny as Prices Jump at Fastest Rate in Over 2 Years

A house under construction stands in front of newly built homes at a housing development located in the south-west Sydney suburb of Menangle Park in Australia on Feb. 20, 2025. David Gray/AFP via Getty Images Australia’s expanded first-homebuyer deposit scheme has triggered the sharp price reaction, with housing values experiencing a steep jump just one month after launch. National prices climbed 1.1 percent in October, the fastest monthly rise…

Did the 5 per cent deposit scheme spark the Illawarra’s sudden surge?

Middle to lower price segments are leading the charge in fast-paced growth across the Illawarra, propelled partly by the expansion of the 5 per cent deposit scheme. Photo: Region. The Illawarra housing market roared to life in October, delivering its strongest monthly gain in more than two years and keeping pace with the nation’s property surge. Home values jumped 1.1 per cent for the month — the same as the national average — as the region’s me…