$60bn liability = v low risk???

Despite the clear warnings from the RBA, Labor told Estimates their $60bn contingent liability has ‘very, very low risk.’ It goes to show that Labor has no idea what they are doing on housing, or the economy more broadly. The Coalition originally created the HGS as a highly targeted scheme for low-income earners only who faced the problem of no or low deposits Labor is abandoning this principle and turning the Home Guarantee Scheme into a free-for-all, where the children of billionaires can access the scheme.