If you want Bona Fide Proof that the Australian Treasury has been made a propaganda Arm of the Federal Government, Look No Furter Than its impact of Labor’s 5% deposit scheme for first home.
Under Labor’s First Home Guarantee Scheme, which came into effect on Wednesday, Almost all first Home Buyers can purify a home with a 5% deposit, without requiring lenders’ MortGage Insurance, as taxpayers will guarantee 15% of the mortgage.
Treasury Modeling Released Ahead Of The Scheme Suggped The Policy Woy Only Lift Values by 0.5% Over Six Years.
When questionsed this week on the impact of Labor’s first Home Guarantee Scheme, Prime Minister Anthony Albanese Pointed to Treasury’s Modeling to Claim then “Be A Slight Increase” From the policy.
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