Following the launch of the federal government's new deposit scheme , property prices have grown at the fastest rate for two years, but there is scant evidence the two are linked.

This is the conclusion of analysis released today by property experts Cotality, formerly CoreLogic, after it crunched the numbers from last month's home sales.

It found national home values increased by 1.1 per cent in October, which coincided with the Albanese government's 5 per cent deposit scheme opening to all first-time buyers.

During the lead-up to its launch, housing experts and the federal opposition voiced concerns it would simply stoke demand and cause house prices to rise even further.

But the jury is still out if that is the case, according to the Cotality research.

Homes with an estimat

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