Australia's 5% deposit scheme may worsen housing affordability, experts say

Australia's government launched an early, uncapped 5% deposit scheme for first-home buyers, which experts warn could inflate property prices. The scheme, taxpayer-guaranteed, aims to help more young Australians buy homes. However, economists argue it risks exacerbating the housing affordability crisis by increasing demand without boosting supply. The government's primary focus should be its target of building 1.2 million new homes by 2030, a goal currently falling short of projections.