The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit. 

It is the boldest version yet of a policy first introduced under the Morrison government. 

But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes. 

Today, leading economist Saul Eslake on Labor’s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis. 


If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.


Socials: Stay in touch with us on Instagram

Guest: Economist Saul Eslake 

Photo: AAP Image/Dan Himbrechts

The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit.&nbsp;
It is the boldest version yet of a policy first introduced under the Morrison government.&nbsp;
But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes.&nbsp;
Today, leading economist Saul Eslake on Labor&rsquo;s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis.&nbsp;
 If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
 Socials: Stay in touch with us on Instagram
Guest: Economist Saul Eslake&nbsp;
Photo: AAP Image/Dan Himbrechts

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Why Albanese won't solve the housing crisis

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/3e101069-389f-4864-83cd-b36f00938948/transcript

Advertisement