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{{propApi.successMessage}} {{region}} Change locationMyHome expansion a win for Tasmanian home ownership
MyHome expansion a win for Tasmanian home ownership
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“The ‘MyHome’ program assists people to help build or buy their own home, with as little as two per cent deposit.
“HIA is pleased to see the expansion of the scheme which was called for in our pre-budget submission this year, including that the household income limit in the program being increased by 25 per cent to $116,933 for a single and $134,475 for a couple.
“HIA has in the past supported similar shared equity schemes, Western Australia’s ‘Keystart’ program is one good example proven to be highly effective in helping more Australians into home ownership sooner.
“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 shows an overwhelming majority of Australians agree that home ownership matters.
“Programs such as ‘MyHome’ and other forms of housing incentive schemes, are critical to boost housing supply.
“This program is not a silver bullet to the myriad of problems but it does go some way to help ease the problems new homebuyers encounter, in terms of securing finance to buy a home.
“HIA research shows there is still a steadfast desire for people to buy their own home, however, the surveys also show many think it is an unachievable dream.
“HIA continues to promote and support measures to assist more Tasmanians into housing and increasing supply across the state,” concluded Mr Collins.
For more information please contact:
Stuart Collins
Senior Executive Director Compliance and Workplace Relations
Demand for housing continues to outpace supply
“The ongoing influx of overseas migrants has pushed Australia’s population beyond 27.5 million in the first quarter of the year,” stated HIA Chief Economist, Tim Reardon.
HIA welcomes Planning System reform
“The Housing Industry Association welcomes the Premier’s announcement today of the NSW Planning System Reforms Bill 2025,” said Brad Armitage, Executive Director NSW.
Victoria’s Housing Statement – planning reforms not enough
“The Victorian government’s Housing Statement is almost two years old and while a number of significant planning reforms have been introduced the housing target of 800,000 will not be met as homes need to be built and not just planned,” stated HIA Executive Director Victoria, Keith Ryan.
It’s time to move from planning to doing
The Housing Industry Association (HIA) has tabled its submission calling on the Federal Government to act swiftly on the Productivity Commission’s Five Pillars reforms to lift productivity and unlock new housing supply.