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“The report highlights over the past year 43,800 Scheme places were taken up, with the Scheme continuing to support more young Australians to secure their own home.
“HIA was instrumental in advocating for the introduction of this scheme and its further enhancements over the past few years and is pleasingly to see its continued success in helping more Australians, and particularly first home buyers and those in regional areas get into their own homes.
“The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers, including first home buyers, single parents and regional Australians, to buy a home sooner. It currently comprises the First Home Guarantee (FHBG), the Family Home Guarantee (FHG) and the Regional First Home Buyer Guarantee (RFHBG). The Scheme is available through 33 Participating Lenders.
“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 Scheme also seems to be having a positive effect on a broad range of Australians from different areas and age groups, and not just those living in cities on high incomes.
“It is particularly pleasing to see that regional Australians comprised a significant portion of eligible home buyers utilising the Scheme, with over 18,000 regional Australians supported including over 13,000 people accessing the RFHBG.
“Previous figures also indicated that 51% of participants in the Scheme are women, and 55% are under the age of 30, further evidence of its success in supporting these cohorts into home ownership.
“Key workers were also active participants of the Scheme, with over 11,300 key workers enter into home ownership in 2023-24. The majority of these were nurses, teachers and social workers who were supported by the Scheme to secure stable housing located near their place of work.
“HIA was encouraged by the recent release of 50,000 new places under the Scheme for the 2024-25 financial year which is an important boost for aspirational home buyers in Australia.
“These positive inroads into improving housing outcomes, prove what we have said all along, that these types of Schemes work and should be expanded and supported for those who want to achieve the Australian dream of owning their own home can do it,” concluded Ms Martin.
The Victorian Government has introduced the Labour Hire Legislation Amendment (Licensing) Bill 2025 (the Bill) into parliament. It amends the Labour Hire Licensing Act 2018 to address concerns about criminality in the construction sector.
“Sales of new homes for construction jumped 25.9 per cent in September following a series of policy changes, including a cut to the cash rate in August, removal of Lenders Mortgage Insurance and easing in planning restrictions,” stated HIA Chief Economist, Tim Reardon.
“Victoria commenced construction on just 7,650 new detached houses in the June quarter 2025, the weakest quarter for the state in almost 12 years and a new low for this cycle,” stated HIA Executive Director Victoria, Keith Ryan.
The Victorian Government has introduced the State Taxation Further Amendment Bill 2025 into Parliament. This Bill includes a number of tax changes, including the much discussed congestion levy changes.