William Bourke on Sky News

The government’s newly-announced first home buyers scheme comes with ‘huge risk’, according to the founder of the Sustainable Australia Party, William Bourke.

The government’s newly-announced first home buyers scheme comes with ‘huge risk’, according to the founder of the Sustainable Australia Party, William Bourke.

The Coalition's policy, which has been matched by Labor, would allow people to buy a home with just a five per cent deposit. Mr Bourke says as the housing market flatlines, the guarantee could create a debt trap, with that debt then falling back on the taxpayer.

The minor party leader told Sky News that politicians are sending ‘very mixed messages’ with their housing policies, as they are legislating for affordable housing while simultaneously trying to boost housing prices.

Watch the four minute interview here.

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