Is the 5 per cent deposit scheme really pushing property prices higher?
There's no property market oasis for first home buyers, but are affordable properties actually slipping further out of reach because of government incentivisation?
Oasis have just finished their triumphant Australian tour, and a particular track - Up in the Sky - from this coveted album succinctly describes the Australian property market. (Image source: Ink Drop/Shutterstock.com)
Much fanfare has surrounded the supposed impact of the federal government’s 5 per cent deposit scheme on property prices at the affordable end of the market.
To borrow from Britpop titans Oasis, who have been rocking Australia, the most accurate answer is a firm Definitely Maybe.
It’s definitely true that property prices below the varied price caps around the country have risen but it’s maybe the case that the Home Guarantee Scheme isn’t the so…
