Without constraints on demand the 5% deposit scheme will absolutely drive house prices up over & above usual growth . We already know Gov is not meeting new builds they promised, we know 1200 people a day arrive in Aust , we know there is already a housing crisis due to both cost & availability. Treasury indicates 0.5% increase. No economist, no real estate agents or property expert agrees with only 0.5%. If they cut immigration to 70,000 a year they can fix the housing crisis & meet skill requi

Understanding Fractional Reserve Banking: How It Fuels Economic Growth