Prime Minister Anthony Albanese
The Hon Julie Collins MP
Minister for Housing and Homelessness
The Albanese Government is working with states and territories to deliver the Help to Buy Scheme, supporting up to 40,000 low and middle income families to purchase a home of their own.
This will bring home ownership back into reach for thousands of Australians who have been locked out of the housing market.
The Government will provide an equity contribution to eligible participants of up to 40 per cent for new homes and 30 per cent for existing homes.
The Government is committed to providing the opportunity to purchase a home under Help to Buy in all states and territories.
For states to participate, legislation will need to be passed for the scheme to operate in their jurisdiction.
All states have agreed at National Cabinet to progress legislation so the scheme will run nationally.
The Albanese Government has already helped more than 50,000 Australians into home ownership through the Home Guarantee Scheme, including more than 6,000 through the new Regional First Home Buyer Guarantee.
Today’s announcement builds on the significant commitments made by National Cabinet yesterday including:
These commitments are on top of the Albanese Government's ambitious housing agenda which includes: