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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

Australia’s Help to Buy scheme to get more people owning homes opens next week. Here’s what you need to know

Help to Buy United States Labor
For Sale signs are seen outside a unit block in Sydney
The federal government’s ‘Help to Buy’ program comes into effect on 5 December. Photograph: Dan Himbrechts/AAP

The federal government’s low-deposit, shared equity scheme will open for applications next week in an initiative designed to pave the way for higher levels of home ownership.

The “Help to Buy” program was part of Labor’s 2022 election platform, but the bill was delayed in parliament amid a battle over competing housing policies and even briefly emerged as a potential trigger for a double dissolution election.

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