UDIA welcomes the opportunity to comment on the Help to Buy Scheme as we actively support Government’s efforts to find practical and effective pathways to house all Australians whether they rent or own.
It is critical that the Government supports a broad range of initiatives to ensure we balance measures that:
1) boost supply of housing to balance demand for housing; and
2) provide equality of access to housing for all Australians seeking a home.
This approach removes barriers to housing supply while ensuring low to moderate income earners, including key workers, have the same opportunity as other Australians, to own a home.
The economic, social, psychological and family advantages from owning your home over renting are well documented and should be available to all Australians.