Affordable housing schemes set to be introduced by the new Labor Government may result in prices rising in some areas, according to CoreLogic.

Research director Tim Lawless says demand for houses in the outer suburbs and in cheaper regional areas, as well as apartments, could increase as buyers start to use the newly announced schemes.

He says the price caps on the shared equity scheme are well and truly within the range that first-home buyers are looking at.

In Sydney and regional NSW, it is $950,000; in Melbourne and regional Victoria, $850,000; in Brisbane and regional Queensland, $650,000. In Perth, Adelaide, Hobart and Darwin, $550,000, and $600,000 in Canberra.

“This implies detached housing markets across the outer suburbs of the capitals could see stronger demand,” Lawless says.

“In regional markets, the price caps are likely to support housing demand away from the most popular coastal or ‘tree change’ markets, where prices have risen sharply over the past few years.”