The 5% first home buyers scheme is a miserable policy failure – and the latest chapter in Australia’s housing disgrace – Greg Jericho (Guardian)

In this article Greg Jericho shows how the 5% deposit scheme is acting just like all the other demand-side incentives – it just pushes up house prices.

The only winners are investors and the banks.

Our solutions are:

• Slash tax breaks for investors (GGT Discount, Negative Gearing)
• Allow property investors to move their property cash to their super for a limited time
• Facilitate construction of millions of apartments and town houses on under-utilized commercial sites.