Govt will contribute up 40pc for the cost of new home

RESIDENTIAL PROPERTY

LABOR’S $329 million Help to Buy Scheme will be legislated this year after an agreement between the Prime Minister Anthony Albanese and...

Under the scheme, low and middle-income-earning home buyers will receive an equity contribution from the federal government of up to...

Single people are eligible for the scheme, first announced during last year’s federal election campaign, if they earn less than...

The four-year plan will support up to 10,000 buyers per year. Price caps on the homes eligible vary between states and cities...

Prime Minister Anthony Albanese confirmed the backing of National Cabinet at the ALP National Conference in Brisbane yesterday...

“So often these Australians have done all the right things – worked hard, saved up, made sacrifices, but a deposit for a home is still out of reach...

“Our government will step up and assist, opening the door of home ownership to tens of thousands of Australians.”...

Young Australians are losing hope in home ownership and a comfortable retirement, as the cost of living crisis drains their savings and prospects...

National Cabinet met in Brisbane this week with a focus on alleviating supply issues amid the national housing crisis...

It agreed to an additional 200,000 homes to be delivered on top of the one million as part of the National Housing Accord, and the...

Also agreed was a National Planning Reform Blueprint with the aim of streamlining and boosting planning and zoning for faster delivery of homes...

Albanese and the Premiers did not heed the Greens’ calls for a national rental freeze or rental caps – a key plank of their negotiations for...

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