The Albanese government’s Help-to-Buy shared equity scheme has been stuck in the Senate since February.
Under the scheme, the federal government would provide 10,000 eligible participants with 40% of the purchase price of a new home and 30% for existing homes per year.
To qualify for the scheme, participants must have a minimum deposit of 2%, yearly incomes of $90,000 or less for individuals or $120,000 or less for couples, live in the purchased home, and not already own other land or property.
