29/03/2022
The three major changes to the government’s housing funding include:
-35,000 guarantees each year, up from the current 10,000, from 1 July 2022 under the First Home Guarantee, supporting first homebuyers to purchase a new or existing home with a deposit of as little as five per cent.
-10,000 guarantees each year from 1 October 2022 to 30 June 2025 under a new Regional Home Guarantee, supporting homebuyers, including non-first home buyers and permanent residents, to purchase or construct a new home in regional areas, subject to the passage of enabling legislation.
-5,000 guarantees each year from 1 July 2022 to 30 June 2025 to expand the Family Home Guarantee, supporting single-parent homes with children in purchasing their first home or to re-entering the housing market with a deposit of as little as two per cent.