A range of measures aimed at helping struggling homebuyers break into Victoria’s relentlessly competitive property market were unveiled by the State Government on Sunday.

But increased competition could quickly push up prices in the sub-$750,000 bracket, erasing the benefit of any concessions, experts say.

WBP Property Group chairman Greville Pabst said the axing of the tax for first-home buyers on homes under $600,000 would “cause price growth very quickly.”

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