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“HIA has supported the First Home Guarantee program from its inception. The program continues to provide a pathway into home ownership for people who are struggling to overcome the deposit gap but could manage regular mortgage payments if they had the chance.
“The release this weekend of 10,000 new places in the program focused on regional first home buyers are a welcome addition.
"It is universally recognised that saving for a deposit is the largest obstacle to achieving home ownership. The First Home Guarantee program supports first home buyers to buy a home with as little as five percent deposit.
“Since 2019 the First Home Guarantee scheme has helped tens of thousands of Australians get into their first home.
“The new Guarantee supports eligible first home buyers living in regional areas to purchase a new or existing home in a regional area that they already call home.
“Regional Australia has endured so much in the last three years with a range of factors impacting people’s ability to save for their first home. This has been compounded by the general cost of living pressures that everyone in Australia is experiencing.
“HIA is pleased to see the federal government delivering on the commitment made earlier this year to expand the program with these 10,000 new places.
“Buying your own home is the best form of financial and personal security a person can have,” concluded Ms Brookfield.
The NSW Productivity and Equality Commissioner, Peter Achterstraat AM, has today published his final report following a review into the housing market, residential development and construction industry barriers currently impacting housing supply in New South Wales.
HIA welcomes today’s report from the NSW Productivity and Equality Commissioner, Peter Achterstraat AM, review of housing supply challenges and policy options for New South Wales. The report shines a light on some of the critical barriers to housing supply in this state.
The Housing Industry Association (HIA) is calling on the ACT Government to stop plans to fund a legal and planning service that will provide support to people or groups objecting to new housing development.
The Housing Industry Association (HIA) will recognise excellence in residential building and design at the 2024 Riverina Housing Awards in Wagga this week.