Property inflation will limit state’s shared equity scheme

A review by this newspaper of new-build homes currently on the market has shown that there is a dearth of properties that will be accessible through the First Home affordable purchase shared equity scheme because market prices already exceed the affordable housing caps

There is a dearth of properties that will be accessible through the First Home affordable purchase shared equity scheme. Picture: Getty

Rising property prices are threatening to reduce the impact of the government’s shared equity scheme before it has been officially opened for applicants, a new Business Post analysis has found.

A review by this newspaper of new-build homes currently on the market has shown that there is a dearth of properties that will be accessible through the First Home affordable purchase shared equity scheme because market prices already exceed the affordable housing caps.

The scheme, ...