Just two days after it was implemented, Labor’s signature first home buyers scheme has been blasted for driving house prices up practically overnight. X user @thanium even accused the policy of driving the price of a house up by more than $100K in a matter of days. Camera Icon Days after the scheme came into effect X user @thanium posted this screenshot "thanking" the Prime Minister and housing minister Clare O'Neil. “We know this will drive up house prices and we know this will encourage people to buy houses they can’t afford — it’s reckless,” Ms Pocock said. Steve Pohlner Credit: News Corp AustraliaMr Eslake was “surprised” that house prices would jump so immediately in response to the scheme, but said it was certainly possible.