“While the First Home Super Saver Scheme is great in theory, it’s caused all kinds of chaos in the new build market.

With land shortages and cost of building skyrocketing with issues relating to supply, and more recently around timber coming out of the Baltic, I think this mechanism will cause the opposite effect of what was intended and only add more pressure on the housing market pricing. This will likely see the demand for homes increase and until the Reserve Bank of Australia (RBA) lifts the lid on interest rate rises, this will only create future increases in property prices in the short-term.”

Full Article: Australian Property Investor