How would you feel about going shares with the government to buy your first home?
Brendan Coates, the Economic Policy Program Director at the Grattan Institute, says it’s time for a national shared equity housing scheme. He says several states already have shared equity schemes, but it’s time for a national approach to address housing affordability.
2021 saw house prices skyrocket across Australia. Melbourne and Canberra joined Sydney to have a median house price above $1 million. Home ownership rates are falling fast. For those without access to the Bank of Mum and Dad, buying a home is now an impossible dream, one which has impacts well into retirement. On today’s Briefing….how to buy your first home sooner.
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