Millsy at Midday’s property expert has explained how the change in government to Labor will shift the property market.

Trent Fleskens, Managing Director of Strategic Property Group, told Steve Mills that the change in government would lead to more demand in the property market rather than assisting affordability.

Fleskens explained that the shared equity scheme is likely to come into place from the start of next year, whereby the government has a 40 per cent home equity share to help buyers get into their first home.

“It doesn’t assist with the real issues of affordability which is providing more supply to the market,” he explained.

“This doesn’t help that all it does is help a small percentage of the population with not a lot of savings get into a property.”

Press PLAY to hear why the government’s new property scheme won’t help supply issues in construction.