First-home buyers ‘biggest losers’ under Labor
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Sky News host Caleb Bond says Labor's housing policies have left many recent first-home buyers facing negative equity. “The prime minister thinks that the answer to that is to redistribute some wealth and say well problem fixed,” Mr Bond said. “It’s not fixing the problem; in fact, it is actually making it harder. “There’s nothing here that is actually particularly helping young people. “If you’ve just become a first home buyer, particularly in Sydney or Melbourne, and you’ve bought it on that five per cent deposit scheme that the governments set up … you’re in negative equity; you’ve lost money. “It’s actually first-home buyers, people who just bought into the property market, who will end up being the biggest losers in this.”
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