Announcement date
25 August 2025
Link to announcement
https://www.legislation.gov.au/F2025L00984/latest/text
Problem being addressed
Home ownership rates have been falling in Australia over recent decades. Between 1994 and 2021, rates of home ownership declined from 71.4 per cent to 66.3 per cent. The ratio of housing prices to household disposable incomes has increased substantially in Australia over recent decades. The ‘deposit hurdle’ – the challenge of accumulating a sufficiently-sized deposit to purchase a home – has grown significantly. A broad range of households, particularly younger cohorts, face challenges in saving a deposit.