First home buyer scheme drives up affordable house prices

Labor's first home buyer guarantee scheme, allowing purchases with a 5% deposit, has contributed to accelerated house price growth in affordable suburbs across Australia. Properties below the scheme's price threshold have risen 3.6% in three months nationally, outpacing homes above the cap at 2.4%. Perth and Brisbane have experienced the strongest growth at 8% and nearly 7% respectively, with Adelaide at 5.6%, while Sydney and Melbourne have seen softer increases.See omnystudio.com/listener for privacy information.