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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.
HIA successfully lobbed for an expansion of fast-track planning approvals in NSW. Now the NSW Government is proposing to introduce two new planning pathways designed to streamline the assessment process for for low rise residential development. These new pathways are part of the NSW Government's planning system reforms.
“New home sales in the month of April increased by 4.9 per cent despite rising interest rates and domestic and global uncertainty,” stated HIA Chief Economist Tim Reardon.
“The Housing Industry Association (HIA) welcomes the Commonwealth and Queensland Government’s announcement of more than $2 billion agreement to support the delivery of up to 51,000 new homes, including 20,000 exclusively for first home buyers across the state” said HIA Managing Director, Jocelyn Martin
The Housing Industry Association (HIA) has welcomed today’s announcement by Prime Minister Anthony Albanese and Premier Jeremy Rockliff confirming the release of former Defence land at Dowsing Point to support new housing in Greater Hobart.