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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.
The Housing Industry Association (HIA) has proudly recognised the next generation of Western Australia's residential building workforce at the 2026 HIA-Stratco WA Apprentice Awards, celebrating apprentices and trainers whose talent, dedication and ambition are helping build the future of the industry.
HIA commented on the proposed State-wide Flood Hazard Code Amendment and welcomes the significant reduction in the application of the Hazards (Flooding – Evidence Required) Overlay through improved flood studies and more detailed mapping.
The Northern Territory's housing market continues to outperform many parts of the country, with strong dwelling price growth, rising building approvals and sustained investment activity demonstrating confidence in the Territory's future.
HIA took the following broad position on the Australian Government’s minimum tax on discretionary trusts consultation paper: if Treasury's own analysis concludes these tax measures increase the cost of doing business and require separate policies to offset their effects and offer restructuring relief, it is difficult to justify the objective of implementing this high minimum tax rate on discretionary trusts.