Demand for the government's home saver account has been less than expected, the prime minister has noted.
The demand for the government's first home saver account has been lower than expected, according to the Julia Gillard.
The prime minister said that this is despite finance experts doing their best to measure the possible requirement for the savings accounts, the Australian Associated Press reports.
She added: "The budget figures represent that modelled uptake. Yes, there are times when you have got a demand-driven program but actual demand is less than that."
Moreover, a $1.2 billion scheme was introduced two years ago and led to the first home saving accounts with the government providing $3,740 worth of funding, documents obtained by the Seven Network under Freedom of Information legislation noted.
And in the papers the Treasury remarks that the products have had no impact on the housing market.
This news comes after a piece in the Sydney Morning Herald earlier this week stated that Aussie credit unions offer some of the cheapest home loan rates on the market.
By Emma North
