Senate debates

Monday, 14 October 2019

Bills

National Housing Finance and Investment Corporation Amendment Bill 2019; In Committee

5:21 pm

Photo of Jacqui LambieJacqui Lambie (Tasmania, Jacqui Lambie Network) Share this | Hansard source

Economists have questioned whether this scheme will work. They've warned that the guarantees might end up going to first home buyers who would have been able to purchase a home anyway. Some experts have suggested that this scheme could push house prices up if it were expanded. Does the government disagree with this view? Once again, why are you ignoring this advice? What has the government actually done to guarantee that this will not push house prices up? What modelling has been done to make sure that this is not going to occur?

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