Budget fail: Qld property industry says no ‘silver bullet’ to tackle housing affordability

THE federal budget has failed to provide the “silver bullet” needed to address housing affordability and counter rising construction costs, Queensland property industry figures say.

A new Regional Home Guarantee has been announced as a buffer against skyrocketing property values in the state’s regions, allowing up to 10,000 homebuyers a year to put down a 5 per cent deposit on a new home.