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Regional First Home Buyer Guarantee: 50,000 helped to buy a home


The Albanian government has criticized Liberals and Greens for “greatness” during the housing crisis, and has now helped more than 50,000 Australians get their own homes.

Housing Minister Julie Collins said: “This is just the beginning”.

“We are building affordable rental homes across the country, and we have concrete plans to build tens of thousands more,” she said on Saturday.

“But the most important thing is that we help those who need it most.

“We are delivering the largest increase in housing assistance in more than 30 years, as well as a $1.6 billion one-year extension of the National Housing and Homelessness Agreement with states and territories.”

More than 6,000 Australians have been helped to own their own homes through the Regional First Home Buyer Guarantee, which was launched in October.

Couples are the largest category of new homeowners in the 12 months since the election, followed by single women.

It is also expected that the eligibility criteria for the Housing Guarantee Scheme, including the First Home Guarantee, the Regional First Home Buyers Guarantee and the Family Home Guarantee, will be “significantly expanded” from 1 July.

“We have a long-term vision for changing the architecture of housing in Australia,” Ms Collins said.

“We have the legislation.

“We just need the Liberals and the Greens to stop megalomania, and instead help Australians through housing stress.”

According to a report from Mission Australia, demand for homelessness charities increased by 26 per cent between January 2020 and December 2022.

Four in ten people seeking help from such organizations were employed but unable to afford rising rents, while only a third of those who were homeless were in long-term housing.

The report also found that the number of people sleeping on the street, living in tents and makeshift homes has more than doubled in the past three years.

This year, vacancy rates also reached their lowest level in five years, driving up rents amid an ongoing cost-of-living crisis.

The number of new rental properties across the country fell 18.9 percent in April, with Sydney, Melbourne and Perth facing the toughest conditions across the country.

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.