Our fair dinkum chum Scomo has floated the idea of covering the risk on home deposits and allowing five per cent deposits, saving about $10,000 in mortgage insurance.
This saving is offset by having to pay more on the actual mortgage, and the fact that in a volatile housing market a five per cent hedge is a trifle thin.
Also, the history of these government interferences is that they tend to favour vendors who just add the saved money on to the purchase price.
The head of the RBA, the appropriately named Dr Lowe, is moving interest rates ever lower.
The net result of this will be more debt and less return on savings going towards a home deposit!