A fair go at your first home

When you work hard and save, you should be able to buy your own home. We’re making that possible for more Australians.

On this page

  1. First home deposits
  2. More homes for Australia
  3. A fairer tax system
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First home deposits

For so many people, the hardest part of buying a home is saving for a deposit.

We have delivered 5% deposits for first home buyers in every city and region. Already, it’s helped more than 260,000 Australians buy their own home. 

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More homes for Australia

To make housing more affordable, we need to build more homes.

We’re continuing Australia’s biggest ever housing build, 1.2 million homes across the country including 55,000 social and affordable homes through our Housing Australia Future Fund.

We’re building 100,000 new homes just for first home buyers, so they don’t lose out to property investors.

And we’re setting up a new fund to build the infrastructure needed for more housing, like water, power and roads.

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A fairer tax system

For too long, young people have lined up and lost out to property investors with an unfair advantage. 

Negative gearing and capital gains tax breaks for investors have made it too hard for first home buyers to compete.  

We've changed the system to make it fairer for first home buyers:

  • If you were already negatively gearing, nothing changes.
  • Going forward, investors will still be able to get these tax breaks on new builds.

We’re delivering real change, because we don’t want the dream of home ownership to become a thing of the past. 
 

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