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“The deposit gap continues to be the biggest barrier to home ownership. The first home loan deposit scheme has clearly proven its value over the last 3 years, helping more than 30,000 households buy their first home.
“HIA is extremely pleased to see the government expand the scheme to address the ‘missing middle’ of home seekers – those people that have previously owned a home but have been out of the market, most likely renting, for more than 5 years in regional Australia.
“Many people each year can find themselves back in the rental market after selling their home. The reasons vary but once in the rental market, saving a deposit to buying a new home can be just as big a hurdle as it is for first home buyers. Until now, there has been nothing available to help these people re-enter the housing market.
“The introduction of the Regional Home Guarantee has the potential to help these home buyers but also to boost home building in the regions. Many people have chosen to move to regional areas over the last two years to build a new life, placing pressure on housing affordability in these areas. Supporting home building at the same time as supporting people re-enter the housing market can make a real difference.
“Most Australians (77%) still believe owning your own home makes you more financially secure. Not surprisingly, 85% of renters still aspire to become homeowners.
“Clearly home ownership matters and HIA is pleased to see the government take up many of the recommendations from our pre-budget submission and federal election imperatives in this week’s Budget.
“Yesterday’s announcement that apprentice wage subsidies will be extended to people starting their training until 30 June 2022 will allow more people to start a career in the housing industry and ensure hundreds of thousands of apprentices already in training in the last 18 months remain supported.
“This is another important move in ensuring people that start a building trade stay engaged and finish their training, so that they can take up a long term career in the housing industry.”
The Northern Territory's housing market continues to outperform many parts of the country, with strong dwelling price growth, rising building approvals and sustained investment activity demonstrating confidence in the Territory's future.
HIA commented on the Explanation of Intended Effect for Standard and model conditions of consent (the EIE). It is understood the EIE explains the proposed amendments to State Environmental Planning Policy 2021 that will give effect to consistent conditions of consent for residential development across the state.
Home building approvals in Tasmania have climbed over the past year, though the numbers remain well below the level needed to meet demand.
The latest building approvals data shows the ACT residential building market remains subdued, with detached housing continuing to struggle and the momentum that emerged in the apartment market during 2025 now showing signs of fading.