Australia, do you think that the Govts announced "Home Builder "scheme will achieve anything at all?

The only people willing to get into that much debt in these current times would be those with nothing to lose. Those with a large mortgages or home deposit probably wouldn't risk losing them.

Hopefully won't kill anyone like Rudd's did. 

It will help rich people like every Australian government policy.

maybe a little but it will not be worth the cost - the industry was in a massive boom and it needs to deflate