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{{propApi.successMessage}} {{region}} Change locationBudget supports home ownership
Budget supports home ownership
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“The measures to support home ownership contained in this budget will help thousands of Australian’s achieve the dream of home ownership,” said HIA Managing Director, Graham Wolfe.
“Research shows that 85 per cent of renting households aspire to own their own home, yet only 45 per cent feel they will achieve it.
“While many people can service a mortgage, the deposit gap continues to be the biggest barrier to home ownership. The announcement of 50,000 places per annum under the Home Guarantee Scheme will support more Australians gain the security that comes with owning their own home.
“The First Home Super Saver Scheme is also providing a lower tax environment for home deposit savings. The increase in the withdrawal cap to $50,000 will enable first home buyers to keep more of their savings and pay less tax to help them save a deposit sooner.
“Secure housing is a fundamental need for everyone. As state governments scale back their direct provision of public housing, it is crucial that the not-for-profit community housing sector is supported to fill the void.
“Extending the liability cap of the affordable housing aggregator by a further $2 billion will enable the National Housing Finance and Investment Corporation to continue to build this critical housing.
“Access to funding via NHFIC will enable the community housing sector to make more affordable housing available to those having difficulty accessing the private rental market now and into the future.
“The critical shortage of skilled trades workers that we are experiencing today is the outcome of a sustained decline in apprentice numbers over a long period. The Boosting Apprenticeship Commencments (BAC) scheme turned this trend around, with apprentice and trainee commencements in the year to September 2021 increasing by 88 per cent compared to the previous year.
“The new Australian Apprenticeship Incentive System will take over from the BAC on 1 July. Acknowledging the need to incentivise people to start training makes great sense, as does continuing to support employers to take on those wanting to start their career in a trade.
“This budget comes at a time when the housing industry is facing some of the greatest challenges on record. Supporting home builders to meet the housing needs of all Australians will deliver on the nation’s home ownership aspirations.”
For more information please contact:
Annual Regional Meeting of Members of Victoria Region
Notice is hereby given that the Annual Regional Meeting of Members of the Victoria Region of Housing Industry Association Limited will be held on Monday 16 February 2026 at HIA Cremorne Office – Level 1, 8 Gwynne Street, Cremorne, Victoria, 3121 commencing at 5.00pm.
Buyer Protections Regulations released tick the box consultation
The Victorian government has released today, on the stroke of Christmas for public consultation the draft regulations implementing parts of the Building Legislation Amendment (Buyer Protections) Act.
HIA applauds WA Cook Government’s housing investment in mid-year review
The Housing Industry Association (HIA) has congratulated the WA Cook Government on its strong economic management and decisive action to address housing supply challenges through the Mid-Year Budget Review.
Buyer protection reforms – hidden and flawed
“HIA is extremely disappointed with the Victorian government seeking to rush through their flawed buyer protection regulations during summer holidays,” stated HIA Victoria Executive Director, Keith Ryan.