Australian First Home Buyer Scheme Expanded With Bipartisan Support

Australian First Home Buyer Scheme Expanded With Bipartisan Support
A "sold" real estate sign is seen outside a high-rise apartment block in the suburb Kirribilli in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
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The Australian federal government announced that tens of thousands more citizens would be able to buy a house under its expanded Home Guarantee Scheme.

The scheme’s property price caps have been increased across all states and territories and the number of available guarantees has also been increased to a total of 50,000 places a year from July 1.