Housing Minister Delivers First Post Budget Address to Real Estate Industry at First National’s Convention in Hobart
FNRE CEO, Mr Ray Ellis, said that:
“The Government’s expansion of the criteria enabling access to the First Home Guarantee and the Family Home Guarantee will enable many more Australians to tap into the financial assistance they need to buy a home.
“Changing the definition of couple so that family members or friends are considered eligible individuals is a realistic response to the way Australians are today wanting to form households.
“Enabling legal guardians of children to access the Family Home Guarantee clears unreasonable impediments from the system and recognises the significant housing challenges they face.
“Opening the scheme to people who haven’t owned a home in ten years will particularly assist separated and divorced women to regain a foothold in the property market.
“Australia’s inability to meet the demand for new homes remains the single greatest contributor to our rental and affordability crisis. While additional funding for the housing finance arm will help boost the supply of community housing, more needs to be done to reduce the government red tape that constrains development.”