Labor's 'Help to Buy'? scheme aims to cut homebuying costs by 40%

Labor's 'Help to Buy' scheme aims to cut homebuying costs by 40%

Michael Keil Michael Keil

Michael Keil

Real Estate Director, Licensee & Auctioneer at Michaelkeil.com working in conjunction with The Agency

发布日期: 2022年6月8日
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Have you heard about Labor's 'Help to Buy' shared equity proposal?

The Labor party’s policy will assist up to 10,000 first homebuyers per year, with the federal government purchasing up to 40% of the home. The scheme is limited to participants earning less than $90,000 or couples of $120,000 a year.

Subsequently, the government will own a share in the home, which the participant can repurchase over time. If the participants’ income increases above the threshold, they must start repurchasing the government’s share.

Furthermore, if the participant sells the dwelling, the government’s share must be repaid, including any relevant share of capital gains. It looks like the federal government is entering the real estate market too!

You can read more about this scheme here: https://www.yourmortgage.com.au/mortgage-news/labors-help-to-buy-scheme-aims-to-cut-homebuying-costs-by-40

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