Who really wins and loses from first homebuyer schemes? What you need to know as a buyer, owner or renter

The Coalition and Labor parties have each produced election policies designed to help low and middle income earners buy homes.

Who is likely to benefit from them and who is likely to suffer is far from obvious, and depends in part on the price of the homes on offer.

But broadly speaking, both parties’ schemes will hurt buyers of low-priced homes and renters – and here’s why.