• An Albanese Labor Government will help more people buy a home sooner by cutting the cost of buying a home by up to 40 per cent.
• This will mean a smaller deposit, a smaller mortgage and smaller mortgage repayments.
• Help to Buy will be open to 10,000 Australians each year.

Why do we need this?

We know that buying a home is tough right now.

It’s a common story – parents wondering if their kids will ever achieve the great Australian dream of owning their home. First home buyers priced out of capital cities and regional centres where house prices have shot through the roof. Single parents who can’t get into the market.

We have a housing crisis in Australia. It’s harder to buy a home today than ever before.

Forty years ago, almost 60 per cent of young Australians on low and modest incomes owned their own home. Now, it is only 28 per cent.

There is no silver bullet to fix this problem, but a government that actually plans for the future can help Australians realise their dream.