Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
The Help to Buy scheme is a shared equity proposal where the government will pay 30 percent of an existing home.
The Greens have finally backed the Labor government’s Housing Bill after 290 days of political deadlock.
In a statement on Nov. 25, the party confirmed it would “wave the legislation through,” choosing to focus on campaigning for renters’ rights and against Opposition Leader Peter Dutton at the next election.
Labor has been pushing for the passage of two bills—Help to Buy and Build to Rent—for nearly a year, but struggled to gain support from both the Greens and the Liberal-National Coalition in the Senate.
The Help to Buy Bill sets up a shared equity scheme to help low-income individuals and families with the Commonwealth paying up to 30 percent of the price of an existing home, and 40 percent for a new home. There will be 10,000 allocations available each year.
Meanwhile, the Build to Rent scheme offers tax concessions to develop multi-unit rental developments over a 15-year period, primarily targeting foreign investors.
Greens Urge Renters to Vote for Change
The Greens have now pledged to support the bills but called on the public to keep supporting the party…
