How to buy your first home sooner

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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