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{{propApi.successMessage}} {{region}} Change locationExpanded home guarantee scheme supports home ownership
Expanded home guarantee scheme supports home ownership
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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.”
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Government delays ATO credit card payment changes
The Federal Government has announced that the Australian Taxation Office (ATO) will continue to accept credit card payments for tax liabilities until the end of the 2026-27 financial year, delaying changes that were previously due to take effect on 1 December.
Government provides breathing space for builders and tradies on ATO credit card ban
The Housing Industry Association (HIA) welcomes the Federal Government's stepping in and agreeing to delay the Australian Taxation Office's (ATO) proposed ban on credit card payments, providing builders, tradies and suppliers with much-needed breathing space while a longer-term solution is developed.
HIA Victoria not failing housing targets as badly as others is not success
The Housing Industry Association (HIA) says the Victorian results in the HIA National Housing Accord Update released yesterday, while not as poor as some other states, highlight the urgent need for a reset in housing policy after the upcoming state election.
HIA Safety Summit headlines National Safe Work Month
HIA’s annual Safety Summit is being held today in Adelaide (8 October) and will bring together industry leaders, regulators and workplace safety experts, providing practical guidance to help residential builders and tradies create safer worksites and support compliance in an ever-changing world.