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ABC News (Australia)
@abcnewsaustralia
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ABC News (Australia)Published at May 31, 2026 at 04:15 PM1:32
Budget not to blame if house prices fall, says Housing Minister | Insiders | ABC NEWS thumbnail

Budget not to blame if house prices fall, says Housing Minister | Insiders | ABC NEWS

6 days agoPeak window
Australiaabcabc newsnewsDavid Speers
Published time
May 31, 2026 at 04:15 PM
Duration
1:32
Video type
News & Politics
Channel region
Australia
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Views
10.3K
Likes
93
Comments
-
Estimated Daily Revenue
-
Estimated Total Revenue
$9.87 - $57.56
RPM Range
$0.96 - $5.6
1D Views Gain
0
7D Views Gain
0
1D Likes Gain
0
7D Likes Gain
0
1D Comments Gain
0
7D Comments Gain
0
Velocity Score
0%
Topic Cluster
Australia
Video Description
Housing Minister Clare O'Neil says if predictions come true that house prices could drop by 10%, it won't be the fault of the government's federal budget. "House prices in our country move. The biggest driver of them is what goes on with interest rates," Ms O'Neil told ABC's Insiders. The minister was also asked if the federal government's 5% Deposit Scheme combined with a potential fall in house prices could see many young people owing more than they own. "This is a really robust scheme. Defaults against this scheme are vanishingly rare," she said. Treasury forecast in the budget that house price growth would slow by about 2% in the short term. The Grattan Institute and Commonwealth Bank have supported that forecast. Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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