Why Albanese won't solve the housing crisis

<p>The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit.&nbsp;</p> <p>It is the boldest version yet of a policy first introduced under the Morrison government.&nbsp;</p> <p>But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes.&nbsp;</p> <p>Today, leading economist Saul Eslake on Labor&rsquo;s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis.&nbsp;</p> <p><br />If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.</p> <p><br />Socials: Stay in touch with us on Instagram</p> <p>Guest: Economist Saul Eslake&nbsp;</p> <p>Photo: AAP Image/Dan Himbrechts</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>