House debates

Wednesday, 28 February 2024

Questions without Notice

Housing Affordability

2:19 pm

Photo of Julie CollinsJulie Collins (Franklin, Australian Labor Party, Minister for Small Business) Share this | Hansard source

I want to thank the member for Tangney for that question. Our great member for Tangney is, of course, from the great state of Western Australia. Western Australia has a successful bipartisan shared-equity scheme that has been running for more than 20 years. That is at capacity. Our Help to Buy shared-equity program will reduce the cost of a mortgage by up to 40 per cent for low- and middle-income earners. Eligible participants will only need a two per cent deposit, and the government will then support them with an equity stake of up to 40 per cent for new homes—


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