Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions
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Most Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high-income earners.
The influx of high-income earners into the first home guarantee program, economists warn, has pushed up property prices by increasing buying capacity for people who would have bought anyway.