50,000 Australian Home Buyers to Receive Deposit Assistance Every Year

50,000 Australian Home Buyers to Receive Deposit Assistance Every Year
A "sold" real estate sign is seen outside a high-rise apartment block in the suburb Kirribilli in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
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The Australian government has announced that it will extend the quota of the current home guarantee scheme to 50,000 places a year in the 2022‑23 budget to help more people own their homes sooner.

The Australian housing industry has welcomed the federal government’s decision, saying this would help change the lives of thousands of people.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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