Скачать или смотреть Labor’s Help to Buy scheme will help ‘lifelong renters become homeowners’

Housing Minister Julie Collins says the Labor government’s Help to Buy scheme will help “lifelong renters become homeowners”.

The proposed ‘Help to Buy’ legislation aims to help 10,000 buyers a year to pay smaller deposits and loans to get into the market, and will reach 40,000 across four years.

“Western Australia of course has a successful bipartisan shared equity scheme that’s been running for more than 20 years, that is at capacity,” she said during Question Time on Wednesday.

“Our Help to Buy shared equity program will reduce the cost of a mortgage by up to 40 per cent for low and middle income earners.

“Eligible participants will only need a two per cent deposit and the government will then support them with an equity stake of up to 40 per cent for new homes – and 30 per cent for existing homes.”