NSW announces home ownership scheme to assist affordability

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NSW Premier Dominic Perrottet announced a $780 million investment to allow teachers, nurses, police, parents and older singles to more easily afford homes. The NSW government will be responsible for 40% equity of a new property or 30% of existing properties as part of the plan. NSW Treasurer Matt Kean stated that women aged 55 are among the highest rising number of people in the country becoming homeless. NSW Minister for Homes Anthony Roberts stated that the new home ownership scheme will assist with making deposits for home ownership easier, as well as affording the size and repayment of mortgages.

 

Home ownership help for key workers, single parents and older singles | NSW Government