Home Purchase Assistance for Low Income Earners

Abstract

This paper provides an initial assessment of the Federal Government's initiatives in revamping the home purchase assistance available to first home buyers. It acknowledges that the current scheme is a considerable improvement on its predecessors in that it has overcome many of the objections levelled at earlier assistance schemes but goes onto argue that current housing policy towards assisting low income earners is still misdirected. An alternative approach which is more equitable is suggested.