Labor’s scheme will get people into homeownership who would have otherwise missed out. The Coalition’s will get people already likely to buy into houses sooner.
Shared equity models have a dual benefit of making home ownership affordable for people on modest incomes and freeing up scarce social housing for other households in need.
Shared ownership schemes can unlock access to suitable housing, although these are less common in Australia than overseas. And most are not specifically tailored for people with disability.
New South Wales is Australia’s most populous state, with the most expensive capital city – yet it’s done less than many other states to develop cost-effective options for aspiring home owners.