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Labors announcement on 5% deposit on houses for young people is just as average as Liberals dip into your super
Wont address the issue, Will drive up prices, Doesnt Really tackle the issue.
Fair, but they also announced 100,000 homes new builds, and specifically for first home owners.
I think more could be done on supply, but that is a good move.
The 5% no LMI is more to reflect rising house prices, where a typical home deposit no longer gets you to 20%.
It wouldn’t push people into a much higher price bracket, or provide much upward pressure, as it only affects one group of buyers, and will be within a similar range of prices.