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“The Home Guarantee Scheme is an important incentive making it easier for a first home buyer to raise their deposit more quickly and easily and in turn helping them get into their own home faster.
“The report found one in three first home buyers in Australia have been able to get into their first home by accessing the Scheme.
“It also found that around 10,860, or more than one third of all guarantees were issued to buyers in regional areas in 2022-23 up from around 7,390 in 2021-22,” said Ms Martin.
“The report also showed an increasing proportion of younger buyers participated in the Scheme each year since its inception. More than half of all places under the Scheme, in 2022-23, were taken up by people under the age of 30.
“Since its inception, HIA has been a strong supporter of assistance for first home buyers, to help get Australians into their first home and achieve their home ownership aspirations,” concluded Ms Martin.
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.