Friends and family members looking to buy their first home together will be among many more Australians set to benefit from an expansion of three government housing schemes.
The first home guarantee and its regional and family home equivalents will have their criteria expanded from July 1, to help more Australians achieve home ownership.
The changes include altering the definition of a “couple” from meaning married or de facto relationships to “any two eligible individuals.”
This opens up the criteria to include siblings, a parent and child, or two friends.
People who have previously owned a home will also be eligible, on the provision they haven’t owned one in the last 10 years, in a bid to help those who had fallen into financial hardship….