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“The Help to Buy Scheme is an important initiative of the Federal Government to enable 40,000 eligible home buyers to obtain and secure a deposit for a new home faster,” added Ms Martin.
“The Scheme intends on supporting eligible home buyers with an equity contribution from the Government of up to 40 per cent for new homes and 30 per cent for existing homes. Home buyers will need a minimum 2 per cent deposit to participate in the Scheme.
“While the opportunity to own a home can be challenging, and the type of homes many families aspire to are changing shape, previous research conducted by HIA shows an overwhelming majority of Australians agree that home ownership matters.
“These and other forms of housing incentive programs are critical to boost housing supply and home ownership rates to support first home buyers raising the deposit more quickly and easily.
“We know from previous schemes, such as the first Home Buyer Grant, that grants such as Help to Buy, are effective to getting people into their own home, and new housing supply is stimulated by these schemes.
“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.
Four West Australian builders successful at the 2024 HIA-CSR Australian Housing Awards, bringing home prestigious national awards for excellence in housing.
Northern Territory builder won the Specialised Housing award at the 2024 HIA-CSR Australian Housing Awards, the prestigious national awards for excellence in housing.
North Queensland builder won the Outdoor Project award at the 2024 HIA-CSR Australian Housing Awards, the prestigious national awards for excellence in housing.
Four Canberra businesses have been named winners at the nation’s top residential building awards, taking home two awards from the 2024 HIA-CSR Australian Housing Awards.