{"id":89214,"date":"2022-03-28T03:53:48","date_gmt":"2022-03-28T03:53:48","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=89214"},"modified":"2022-03-28T03:53:48","modified_gmt":"2022-03-28T03:53:48","slug":"media-release-hia-expanded-home-guarantee-supports-home-ownership","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/media-release-hia-expanded-home-guarantee-supports-home-ownership\/","title":{"rendered":"Media Release HIA Expanded home guarantee supports home ownership"},"content":{"rendered":"

\u00a0Media Release HIA Expanded home guarantee supports home ownership<\/span><\/h1>\n

\"FW:<\/p>\n

28 March 2022<\/span><\/p>\n

Expanded home guarantee scheme supports home ownership<\/span><\/h2>\n

\u201cThe extension of the first home loan despoit scheme and the new home guarantee scheme will make a real difference in the lives of thousands of Australians looking to achieve home ownership over the next three years,\u201d said HIA Managing Director, Graham Wolfe.<\/span><\/p>\n

\u201cThe deposit gap continues to be the biggest barrier to home ownership. The first home loand deposit scheme has clearly proven its value over the last 3 years, helping more than 30,000 households buy their first home.<\/span><\/p>\n

\u201cHIA is extremely pleased to see the government expand the scheme to address the \u2018missing middle\u2019 of home seekers \u2013 those people that have previously owned a home but have been out of the market, most likely renting, for more than 5 years in regional Australia.<\/span><\/p>\n

\u201cMany people each year can find themselves back in the rental market after selling their home. The reasons vary but once in the rental market, saving a deposit to buying a new home can be just as big a hurdle as it is for first home buyers. Until now, there has been nothing available to help these people re-enter the housing market.<\/span><\/p>\n

\u201cThe introduction of the Regional New Home Guarantee has the potential to help these home buyers but also to boost home building in the regions. Many people have chosen to move to regional areas over the last two years to build a new life, placing pressure on housing affordability in these areas. Supporting home building at the same time as supporting people re-enter the housing market can make a real difference.<\/span><\/p>\n

\u201cMost Australians (77%) still believe owning your own home makes you more financially secure, with 37% of Australians believing it makes you significantly more financially secure. Not surprisingly, 85% of renters still aspire to become home owners.<\/span><\/p>\n

\u201cClearly home ownership matters and HIA is pleased to see the government take up many of the recommendations from our pre-budget submission and federal election imperatives in this week\u2019s Budget.<\/span><\/p>\n

\u201cYesterday\u2019s announcement that apprentice wage subsidies will be extended to people starting their training until 30 June 2022 will allow more people to start a career in the housing industry and ensure hundreds of thousands of apprentices alread in training in the last 18 months remain supported.<\/span><\/p>\n

\n

\n

Media contacts:<\/strong><\/span><\/p>\n

Graham Wolfe \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 HIA Managing Director\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0419 751 188<\/span><\/p>\n

Joe Shanahan \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 National Media and Government Relations Manager\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0410 449 556<\/span><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

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