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“Help” like the hare brained 5% deposit scheme, that literally everyone said would only further increase house prices? Yeah, no wonder it’s further out of reach.
This government is the most clueless and/or destructive government we’ve had in decades. They are either genuinely unqualified and have no idea what they’re doing, or more frighteningly (and more and more likely), they know exactly what they’re doing.
“You’ll own nothing and you’ll be happy” ring a bell?
It wasn't very long ago that Shorten lost an election on a progressive platform that would have reduced wealth inequality and housing price growth to some extent.
Labor went to this election with the 5% deposit scheme, and the Liberals had some other demand side measure like tax deductible interest or something.
While I understand that you personally support more progressive measures, those policies just haven't been popular with the Australian public generally.
The cost of entry level units has certainly gone through the roof here.
The cost of a 2 bedroom has increased by a third in the last 18 months.
Houses in other classes have increased but not to that extend.
The solutions are the same as they ever were but there's no appetite to implement them. I can't really see things improving honestly.
the government help is to appeal to buyers who don't think behind the headlines and to prop up housing proices with more subsidies.