Economists find Labor’s policy ‘generates inequality’ and could push up prices significantly Get our breaking news email , free app or daily news podcast The federal government’s 5% home deposit scheme will make it harder for low-income Australians to buy their first home, according to new research that suggests a major rethink of the key housing affordability policy is needed. The expansion of the measure in October coincided with a sharp acceleration in home values, and raised concerns that the policy could prove self-defeating. Labor has repeatedly cited Treasury analysis suggesting a 0.5-0.6% rise to property prices over six years. Continue reading...