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Have home buyers been conned?

Housing was supposed to be at the centre of the budget but the ALP says the new scheme doesn’t cut it, who’s fibbing?

James KirbyJames Kirby
less than 2 min read
3:36PMMay 12, 2017.
Updated 4:00PMMay 12, 2017

The Turnbull Government promised that housing would be the centrepiece of the budget, the Labor Party says that the new first home buyers scheme wouldn’t even pay for removalist.

So, who’s fibbing?

James Kirby
James KirbyAssociate Editor - Wealth

James Kirby, Associate Editor-Wealth, is one of Australia’s most experienced financial journalists. James hosts The Australian’s twice-weekly Money Puzzle podcast.He is a regular commentator on radio and television, the author of several business biographies and has served on the Walkley Awards Advisory BoardHe was a co-founder and managing editor at Business Spectator and Eureka Report and has previously worked at the Australian Financial Review and the South China Morning Post. Since January 2025 James is a director of Ecstra, the financial literacy foundation.

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Original URL: https://www.theaustralian.com.au/business/wealth/have-first-home-buyers-been-conned-by-the-budget/news-story/72ce8bffb33cbf31b0b16af402523ad6