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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.
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.