Labor has brought forward its first home buyer guarantee scheme for regional purchasers by three months.
that changes to tax settings should be considered to help turbocharge Labor’s plans on social and affordable housing, including options to make build-to-rent projects more attractive for investors.
Regional buyers who can demonstrate they have lived in communities where they are purchasing for at least 12 months will be able to get access to the scheme and avoid paying mortgage insurance. The sector was “really enthusiastic” about renewed co-operation under Prime Minister Anthony Albanese, Ms Collins said.
About $200 million will go to repair and maintenance of properties in remote Indigenous communities, while $100 million is slated for domestic violence crisis and transitional housing and $30 million for specialist housing for veterans. Ms Collins said the former Morrison government had squandered the opportunity to work effectively with the states and territories, leaving a ministerial council dormant for five years.
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