The Reserve Bank chief says Labor’s plan to allow all first-home buyers to get into the market with only a 5 per cent deposit could leave borrowers in a very bad situation.
Treasury secretary Jenny Wilkinson has contradicted claims by the ACTU and Greens that a capital gains tax break is responsible for a housing shortage.
More than one-in-five aspiring homebuyers in one State expect to make their purchase during the next 12 months as incentives spark a national property scramble.