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\u201cWith the current cost pressures on households, a first home buyer is facing years to save a deposit and in that time they risk being priced out of the market.<\/p>\n
\u201cSince its inception, HIA has been strongly supportive the Home Guarantee Scheme and its administration by the National Housing Finance and Investment Corporation (NHFIC).\u201d<\/p>\n
To date, the scheme has helped more than 61,000 Australians get into a home of their own.<\/p>\n
Ms Brookfield said the HIA had always maintained that owning your own home was the best form of financial and personal security a person could have.<\/p>\n
\u201cThe allocation released today takes the scheme from its original pilot phase to a well-accepted part of the home buying landscape in Australia.<\/p>\n
\u201cSince its launch, it has been clear that a real problem is being addressed and most importantly that thousands of Australia\u2019s have been assisted to buy their first home.\u201d<\/p>\n
NHFIC anticipates making 50,000 new scheme places available to eligible homebuyers in the year ahead, including 10,000 places in the new Regional First Home Buyer Support Scheme.<\/p>\n
HIA\u2019s research earlier this year showed 85 per cent of renters in Australia aspired to own their own home, but only 49 percent believed the dream was an achievable one.<\/p>\n
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The industry has been quick to show support for the extension of the federal government\u2019s Home Guarantee Scheme, which will see 40,000 new places open up for all aspirational home buyers in Australia. The Home Guarantee Scheme comprises the First Home Guarantee, previously known as the First Home Loan Deposit Scheme, and the Family Home […]<\/p>\n