Aspiring home owners are facing more headaches as stimulus measures bring supply challenges into sharp focus.

An expansion of the first-home buyer scheme appears to have turbocharged the growth in house prices that had already been occurring since the Reserve Bank started cutting interest rates in February.

In October, home prices grew by 1.1 per cent nationally - the fastest monthly growth rate since June 2023 - according to property analytics firm Cotality's latest home value index, published on Monday.

Blame is being laid squarely at the federal government for failing to build more homes, with the opposition housing spokesman saying lifting demand without a requisite supply is failing young people.

"Under the last government, we were getting about 200,000 houses a year on average,"

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