Australia ‘bringing in way more people' contributing to housing crisis
MacroBusiness Chief Economist Leith Van Onselen claims the Albanese government's promise to help first-home buyers buy their first home with a 5 per cent deposit will 'not' help the housing crisis in Australia.
'It's simply going to increase borrowing capacity … it's going to lift overall demand on prices,' Mr Van Onselen told Sky News host Andrew Bolt.
'We're going to end up with more expensive housing than ever and larger mortgages.
'We're just going to end up with higher prices and more household debt, without solving the underlying problem is that we are bringing in way more people than we can ever supply homes for.'
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