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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.”
HIA announced two recipients of the Sir Phillip Lynch Award of Excellence, one of the highest honours bestowed in the residential building industry.
The ACT Government has announced that it will introduce workplace health and safety reforms for silica dust.
This information sheet has been prepared to accompany the general information provided in HIA’s information sheet “Working at Heights” and sets out more detailed information about the construction of roof framing and meeting the relevant obligations for safe work under the South Australian Work Health & Safety Act 2012.
Construction work done on new houses in the March 2022 quarter was down by 3.5 per cent on the previous quarter.