Following reports earlier this month, there is hope on the horizon for first-time buyers as the Perrottet Government plans to provide a contribution for a housing deposit in exchange for equity in the property. First-time owners would subsequently buy back the equity, paid in instalments or when the property is sold.  

The NSW Government’s scheme will enable first-time buyers to get on the property ladder sooner as part of its commitment to increased home ownership and affordability.  

Furthermore, it was indicated that parents could use their own equity to act as guarantors for their children when they come to buying their properties.