isn’t it about helping young people get into the market ? not sure why that’s junk . we have children around 30 ,we can help them somewhat get to a unit, but it’s still impossible where they live, but this would change the game a lot
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The price of the units they are looking at will just go up further in price.
So yeah I guess if you like your kids having more debt and the government having a stake in their home
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More rubbish from Mutton
mmm not sure about that . developers will build them and want to sell them. I don’t see how more supply this would generate would guarantee they are more expensive . it’s only new builds. 5% of sometijgnisbstill better than 20% of something they can’t even hope to get to
Can you get a new partner after five years and buy the second home in their name?
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Government cannot or doesn’t lower houses price in a free market economy. People determine what they can pay for existing house or to build a new one. This policy gives more options.
Is there a crisis for supply ? 1000’s of homes for sale all over the country and 1000’s of vacant blocks ready to build. New development just north of Bacchus Marsh of 4000 home blocks for example. Deposit is an issue,
.
Tried that once, didn’t work out.
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Which bit? 
It was in the days of first homebuyers Grant, which I seem to recall was a whole $500., which actually for the first home was the deposit value.
Second home, new Wife and the forms were just put in I think by our Conveyancer and they rejected me, like the Second Wife eventually did !
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It’s reckless policy, they all do it in subtly difference forms. To drive up values even further, exacerbating the very problem they all pretend to be trying to fix. It’s certainly going to help raise more tax revenue which is the thing the pollies won’t be spruiking 
Moreover, it entrenches into policy a behaviour that poses risks to banks and the broader economy, allowing people to take on more debt that they can afford.
Irresponsible but who cares, it’s about getting votes isn’t it.
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Another not-productivity-based one year sugar hit.
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I agree. These political parties are lazy, reckless and afraid to embark on genuine reform and take the difficult decisions…. Because the media will play their silly game of ‘politics’ media style and they’d lose the elections as a result.
We’re being offered two main parties bereft of substance, purely announcing irresponsible sugar hits to win votes. It’s a real pity.
Someone on an average salary doesn’t need a monster mortgage.
The major parties are solving the wrong problem.
Wages, Cost of Construction, Land, infrastructure, large swathes of temporary residents.
In the USA 45% of university students live in either on or off campus purpose built student accommodation.
In Australia that’s number is only 7%.
And we have a huge proportion of total residents that are students in Australia. Much higher than the United States.
It is the problem.
Thats all the “government “ should be building. Student accomodation.
A lot more. Then watch the price of homes drop. Starting with the capital cities and university towns.
Which is basically most major centres in Australia.
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US College system doesn’t have an Australian counterpart. The percentage quoted is not limited to foreign non resident students.
How many Australian resident students live at home?
Neither are limited.
1 in 15 students live in on campus accomodation.
7 in 15 in the USA.
The issue is significantly worse in Australia because of the much larger proportion of international students. They don’t live at home.
Probably got something to do with the fact that universities aren’t on the other side of the state or country…
It doesn’t matter - if you solve student housing you solve the housing crisis.
Theres hundreds of thousands of students renting homes that could be rented or owned by non students.
Unlike non students - most of those people can’t live in specifically designed high density accommodation.
1/15 and 7/15 might also be the ratios of local students who leave their home town to go to uni. Our population distributions are very different.
(I did do a quick search and found a wide range of USA percentages for those moving elsewhere, but it was broadly consistent with 7/15. Obviously if you go to a community college you likely stay at home.)
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Is there actually?