Shared equity would give low income earners a chance to buy into property market | 7NEWS

📆 2/21/2022 11:37 AM
📰 7NewsAustralia

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Despite surging property prices and falling home ownership, more people could soon live the Australian dream. A new report suggests that the federal government, rather than the bank of ‘mum and dad’ should chip-in to help low income earners. 7NEWS

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‘We’ve got a financing problem’: Can a shared equity scheme help Sydney’s first home buyers?Analysis: First-home buyers will be able to use a contribution from the NSW government for their house deposit in return for handing over some equity in the property. But will the scheme make a difference to housing affordability? | MattWadeSMH MattWadeSMH Hmmm injecting more money into a heated market so people can bid higher for property helps affordability? MattWadeSMH A shared ownership plan is a good idea. You buy a % of the house, say 50%. You then pay a nominal rent to the Government every month. The Government puts up 50% of the purchase price. As time goes on you can buy further parts in 10% blocks at the market rate of the day. MattWadeSMH It's just going to artificially inflate the price again
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