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Australians who buy a home under Labor's new Help To Buy Scheme could be forced to sell if they earn more than $90,000.
Anthony Albanese has proposed a shared ownership scheme where the government would buy 40 per cent of a home to help aspiring buyers who would otherwise not be able to afford the house.
It would only be available to couples earning less than $120,000 and singles earning less than $90,000.
But Labor has now admitted that if someone on the scheme starts earning over the threshold then they will have to buy out the government's stake - or sell the house.
This would also apply if the owner died and their children who inherited it earned over the threshold.
Speaking on Sky News on Tuesday morning, Labor Deputy Leader Richard Marles confirmed owners would have to sell if they earned over $90,000 and could not afford to buy out the Government.
'Now, if during the course of their life, they acquire wealth, which means they themselves no longer qualify for the scheme, well, then in that circumstance, they would need to be buying out the government,' he said.
'And that's fair. So it puts them on the same footing as anyone else who has means.
'And that's the way it would apply in relation to their children. So, children who have means want to keep the house in the family, that can be done.'
Australian Opposition Leader Anthony Albanese and Queensland Premier Annastacia Palaszczuk in Brisbane on Monday
Host Peter Stefanovic asked 'what if they can't afford that though?' and Mr Marles replied: 'They don't take up that option, in which case the property would then be sold.'
Prime Minister Scott Morrison blasted the scheme on Melbourne's Radio 3AW on Tuesday.
'Anthony Albanese would put a for sale sign on your lawn. This is insane,' he said.
Finance Minister Simon Birmingham also slammed the policy, telling Sky News: 'If
