Our Reserve Bank Governor says the Albanese Government’s first homebuyer scheme will make it harder for first home seekers because it will add to the explosion in real estate prices nationally. RBA Governor Michele Bullock has criticised the Albanese Government’s first homebuyer scheme suggesting its biggest impact will make it harder for these property seekers by adding to the explosion in real estate prices around the country. The Governor gave the unmissable message that this policy is good news for sellers but not so good for buyers, who should expect higher prices when they go to auctions or inquire with an agent. Meanwhile, sellers will benefit from more potential buyers in the market. The expanded scheme means a first home buyer in Brisbane can purchase a $1 million home with a $50,000 deposit.