Jul 13, 2026 – 8.00pmOne Nation’s plan to take on the big four banks with cheap taxpayer-funded mortgages could require the federal government to find hundreds of billions of dollars, expose taxpayers to significant losses during downturns and drive up house prices.Economists have warned about the financial costs of One Nation’s push for a “people’s bank” offering 30-year fixed-rate mortgages at 5 per cent through Australia Post and funded by abolishing the Albanese government’s $11.5 billion Housing Australia Future Fund.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
One Nation’s 5pc mortgage plan may cost hundreds of billions
The policy would offer 30-year fixed rate mortgages at 5 per cent, undercutting the big four banks but potentially exposing the federal government to significant losses.
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