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The WA government just expanded first home buyer schemes, promising to make homeownership "more accessible than ever." But here's what they're not telling you: every single time these schemes launch, property prices don't go down... they go up. Fast. This video exposes the economic mechanisms behind housing bubbles, Perth's boom-bust history, current warning signs, and who actually profits when governments claim to "help" first home buyers. 🎯 Subscribe to Aussie Explained - Housing for weekly breakdowns of Australia's property markets. #perthhousing #perthrealestate #mortgagedebt #perthproperty #westernaustralia Data Sources: Real Estate Institute of Western Australia (REIWA), Bank of International Settlements, Bankwest Curtin Economics Centre, UNSW Housing Research, CoreLogic, SQM Research, KPMG Australia, PropTrack, Professor Steve Keen (economist), Professor Hal Pawson (UNSW), Strategic Property Group, InvestorKit, Yahoo Finance Australia, The New Statesman, Australian Bureau of Statistics (ABS), Bennett Wealth research ---- Disclaimer: We're housing market analysts not licensed real estate agents, financial advisors, or property professionals. All content is based on publicly available data, market research, and analysis, and is shared for educational and informational purposes only. Always consult a qualified professional or financial advisor before making any property, investment, or financial decisions.