The federal government will expand its Home Guarantee Scheme to 50,000 places a year, announced ahead of the March 2022 budget, letting first home buyers purchase with deposits as low as five per cent. UDIA welcomed the move but said it must be paired with supply-boosting measures.
As I told The New Daily: “Unless we boost supply immediately, the looming affordability crisis will be overwhelming — particularly for first home owners, but also affordable rentals and vulnerable Australians relying on subsidised housing”
The New Daily, 28 March 2022 — Read the full article