this post was submitted on 21 May 2024

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Revealed: Govt set to scrap grants to help first-home buyers onto property ladder | Newshub (www.youtube.com)

submitted 6 months ago by BalpeenHammer to c/newzealand

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Pull up the ladder after you.

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[–] hanrahan@slrpnk.net 2 points 6 months ago (1 children)

Certainly in Australia they do

https://www.smh.com.au/property/news/governments-spent-20-5b-on-first-home-buyer-help-that-pushes-up-prices-report-20220707-p5azx3.html

Australian governments spent more than $20.5 billion on first home buyer help in the past decade, which made housing affordability worse by driving up property prices and left existing homeowners richer, new research found.

[–] BalpeenHammer 1 points 6 months ago

How did they determine the cause and effect in this relationship given the amount of overseas investment in housing in Australia?