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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.
The WA Cost Plus Contract has been updated to improve clarity, accuracy and usability for builders. Changes include revised contract schedule items, updated document references and a new clause covering contract interpretation and document precedence.
HIA provided additional feedback regarding the SRG proposal papers for construction, falls and infringement offences.
The Housing Industry Association (HIA) makes the following submission to the Treasurer and the Department of Treasury to inform deliberations ahead of the 2026-27 South Australian Budget.
“The Housing Industry Association (HIA) welcomes the ambition of the Coalition’s Budget in Reply handed down tonight, including measures that support business investment, improve productivity and boost housing supply,” said HIA Managing Director Jocelyn Martin.