Australian Government Brings Forward Regional Housing Scheme for First-home Buyers

A real estate sign is seen at a property in Croydon Park in Sydney, Australia, on Sept. 6, 2022. Lisa Maree Williams/Getty Images

Regional Australians having difficulty getting into the housing market may be able to access a new federal government grant from October 1.

In July, the Labor government introduced the Regional First Home Buyer Guarantee (RFHBG) scheme as an expansion of the Home Guarantee Scheme in an effort to boost home ownership in the country.