Labor to help low and middle income earners buy home with shared ownership scheme
by Katharine Murphy Political editor from World news | The Guardian on (#5YQQJ)
Anthony Albanese will unveil $329m Help to Buy housing initiative as the centrepiece of Labor's campaign launch in Perth
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Anthony Albanese will provide help for Australians on low and middle incomes to buy houses by giving eligible applicants a commonwealth equity contribution of up to 40% of the purchase price of a new home, and up to 30% for an existing home.
The Labor leader will unveil the new $329m housing initiative as the centrepiece of Labor's official campaign launch in Perth on Sunday. If Albanese wins on 21 May, Labor's new shared equity housing policy will be implemented in addition to the Morrison government's First Home Guarantee scheme.
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