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The Albanese government’s Help-to-Buy shared equity scheme has been stuck in the Senate since February.
Under the scheme, the federal government would provide 10,000 eligible participants with 40% of the purchase price of a new home and 30% for existing homes per year.
To qualify for the scheme, participants must have a minimum deposit of 2%, yearly incomes of $90,000 or less for individuals or $120,000 or less for couples, live in the purchased home, and not already own other land or property.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.