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Liberal Party Warns Labor’s 5 Percent Deposit Scheme Will Make Housing More Expensive

‘We just had the prime minister admit this morning Labor’s housing policy is going to make housing policy more expensive,’ Dave Sharma said.
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Liberal Party Warns Labor’s 5 Percent Deposit Scheme Will Make Housing More Expensive
This aerial view taken on Nov. 26, 2024 shows a single property on a large piece of land amid a densely developed area with many homes in Sydney. Brook MITCHELL/AFP via Getty Images
Monica O’Shea
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The Opposition has raised concerns the Labor government’s 5 percent housing deposit scheme for first home buyers will push up house prices.

This comes after Prime Minister Anthony Albanese said in a press conference on Oct. 1 that house prices would “slightly increase” due to the expanded scheme.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]