Income and property price caps for the housing scheme are set to rise as part of next week's federal budget.
Income caps and property price caps for Labor 's "Help to Buy" shared equity scheme are set to rise as part of next week's federal budget .
Under the new changes, the income cap will be lifted for both singles and couples looking to buy a home, and the price caps for properties will also be raised. The total number of places available in the scheme will remain the same, at 10,000 a year for four years.The government argues that under the changes, most first-home buyers will be eligible for the scheme, and roughly two-thirds of all properties nationwide fall under the price caps.
Under the new changes the income cap will be lifted for both singles and couples looking to buy a home.support the scheme, arguing it will help more low-income people into the property market with a very small impact on house prices.
Housing Affordability Help To Buy Scheme Labor Housing Policy Federal Budget Housing Minister Clare O'neil
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