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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 median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.