Let's reinflate the bubble, what could go wrong?
Our new First Home Loan Deposit Scheme will enable first home owners to buy their first home with a deposit of down to 5%. This will make a big difference, cutting the time taken to save for a deposit by at least half. #BuildingOurEconomy
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Not one economist will tell you this is a good idea
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So a Liberal government will enter the financial market with high-risk debt products? To compete with the banks for customers most likely to default? Is that the plan?
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Goid tweet Ingrid
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“This isn’t free money” IS THIS FREE Money? 80 Million Watergate 185 Million Christmas Island 1 Day Photoshoot 444 Million Barrier Reef No Tender Grant 420 Million to a relatively unknown company, the Paladin Group, registered to a beach shack on Kangaroo Island.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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here’s the thing, you are assisting the banks, as usual. If young people couldn’t afford to buy a home with 100% mortgages how will this help? Young people please note: This assists the banks and banks only. Do not fall for this rubbish.
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Totally agree Marydoll
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Have you asked RBA & APRA what they think of this reckless policy? Household debt is already precipitous at 122% GDP, and consumptive capacity has all but been extinguished. This measure is simply to prop up ailing bank lending. As Westpac has announced, bank profit is plummeting
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Debt is slavery and servitude that’s his agenda
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Yep...about a minute before declaring Liberals would always support private health subsidies. And then this today You're not meant to notice.
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