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“Access to finance for a deposit is the biggest obstacle for Australians trying to buy their first home, especially those paying rent while saving for their deposit.
“This scheme builds on the many positive home ownership schemes now in place to support first home buyers achieve their aspiration to own a home.
“It means that funds that are available to Australians via their super can be accessed to get their foot on the home ownership ladder.
“When the house is sold they can put the money back into their retirement fund with a proportion of the capital growth in value of their home.
“They are effectively borrowing from themselves.
“Owning your own home is the best form of security for your future retirement. This scheme is a responsible, well thought out plan to ensure that the equity Australians hold in their super can be used effectively to ensure they own their home now and in retirement, and at the same time retain a managed approach to financial security.
“HIA’s research earlier this year showed that Australians believe owning their own home is more important in helping them in retirement than their superannuation. People who retire owning a home are much more likely to be financially secure in their retirement.
“The extension to the downsizer scheme is also welcome,” concluded Mr Wolfe.
Discover the key air conditioning considerations for builders and homeowners, including system selection, energy efficiency, zoning, comfort, installation planning and long-term performance in new homes.
“The Housing Industry Association welcomes today’s announcement by the NSW Government of the expansion of the Pre-sale Finance Guarantee” said Brad Armitage, Executive Director NSW.
“Residential land prices increased by 1.5 per cent in the final quarter of 2025 to be 9.4 per cent higher over the year, increasing almost three times faster than consumer prices over the same period,” stated HIA Senior Economist Tom Devitt.
This Values Statement sets out HIA's position in relation to the core beliefs and principles that should guide the residential construction industry, shaping how it operates, conducts business, and interacts with all stakeholders.