Labor’s 5% deposit scheme doesn’t work for first home buyers — it works for wealthy property investors and the big banks turning a profit off people’s debt.
The data is clear: this scheme is just throwing fuel on the fire of the housing crisis, making houses even less affordable and locking buyers into mortgage stress.
Now more than ever we need real action on housing: end tax handouts for wealthy property investors, regulate the banks, and build public and affordable housing ✊
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