The overall effect will be hard to predict and will vary across different areas. This scheme will give groups such as low to moderate income earners more access to the housing market and therefore create more demand, but there will be restrictions on equity gains upon shared equity property when sold. Additionally, included within our asks, is a demand for more housing supply in the program to meet the increased demand, a measure highlighted by the Australian Housing and Urban Research Institute. There would most likely also be restrictions on the eligibility of certain properties for the scheme beyond a certain value.
Will this drive up house prices?
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