A new scheme by Labor is aiming to help more young Australians break into the increasingly unaffordable housing market.
“Help to Buy” will assist up to 10,000 middle income earners enter the housing market with smaller deposits and mortgages.
Stream more Australian news with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022. Opposition Leader Anthony Albanese to unveil new housing policy ahead of Labor’s campaign launch in Western Australia. Picture: Getty Picture: Supplied“This will help many Australians on low and modest incomes to buy a home with a much smaller mortgage that they can afford to pay rather than renting for the rest of their life,” a statement said.
If elected on May 21, a Labor government would provide eligible Australians with an equity contribution of up to 40 per cent of the price of a new home.When Scott Morrison tells people struggling with rent to just âbuy a houseâ, it shows how out of touch he is
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