Housing affordability measures 'more a feather than a scalpel'

By Eryk Bagshaw
Updated May 11 2017 - 11:33am, first published 10:18am
Deputy Opposition Leader Tanya Plibersek and Shadow Treasurer Chris Bowen listen as Deputy Prime Minister Barnaby Joyce speaks during Question Time at Parliament House in Canberra on Tuesday 14 February 2017. fedpol Photo: Alex Ellinghausen  Photo: Alex Ellinghausen
Deputy Opposition Leader Tanya Plibersek and Shadow Treasurer Chris Bowen listen as Deputy Prime Minister Barnaby Joyce speaks during Question Time at Parliament House in Canberra on Tuesday 14 February 2017. fedpol Photo: Alex Ellinghausen Photo: Alex Ellinghausen

A first home buyer would save only 1 per cent of the median property price in Sydney or Melbourne under the government's new super deposit scheme, federal budget figures have revealed, as economists question the benefits of the policy for areas hit by the housing affordability crisis.

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