Changes in Help to Buy housing scheme will make ‘most first home buyers’ eligible, Labor says

Minister announces increase in both income and property price caps as part of 2025 budget

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Labor will increase the income and price caps for its signature Help to Buy scheme as part of next week's budget, which it has promised will deliver cost-of-living relief.

Under the shared equity scheme, the commonwealth provides first home buyers with 30% of the purchase price of an existing home, or 40% for a new home.