UDIA welcomes 10,000 new places for regional residents to access housing market sooner
UDIA welcomes the bringing forward of 10,000 new places under the Federal Government’s new Regional First Home Buyer Guarantee.
This targeted application of the Home Guarantee Scheme will help thousands of residents in regional areas access the housing market sooner.
The guarantee Is a smart approach as it efficiently targets the greatest hurdle for first home buyers – the deposit – and enables them to stretch their savings further without excessive additional spend by the Government.
“UDIA is greatly supportive of such measures which help buyers enter the market sooner,” says UDIA National President, Maxwell Shifman. “However, to make the Regional Guarantee more effective, it needs to be coupled with more measures to address the chronic shortages of development ready land in many regional areas, and the shortage of skilled labour required to build those houses.”
“We look forward to continuing our dialogue with Government on how these substantive issues can be addressed,” added Mr Shifman.
Deanna Lane | National Media & Communications Manager | 0416 295 898 | firstname.lastname@example.org