Monitoring housing demand, supply and affordability
Around 31 per cent or nearly 3 million households in Australia are renters, with 26 per cent of households renting from private landlords and 3 per cent of households renting from state or territory housing authorities. Changes in the rental market are important because they typically accommodate lower income earners who are more vulnerable to experiencing housing stress. The COVID-19 pandemic period has had a substantial impact on Australia’s rental markets, with vacancy rates now at low levels in most cities and regions. There has also been an unusually high degree of variance in rental markets due to specific local demand and supply drivers.
This is NHFIC's third annual First Home Loan Deposit Scheme (FHLDS) Trends & Insights Report, covering data on the FHLDS, New Home Guarantee (NHG) and Family Home Guarantee (FHG) for 2021–22.
The FHLDS, NHG and FHG are Australian Government initiatives to support eligible home buyers purchase a home sooner. Collectively these initiatives are referred to as the First Home Loan Deposit Scheme (Scheme). On 1 July 2022 these initiatives were brought under the new Home Guarantee Scheme (HGS).
First home buyers are individuals and households that are entering the home ownership market by purchasing a property for the first time. The number and share of first home buyers in the market is often used as an indication of the strength and affordability of the overall home buying market, making it an important area of research.
The Home Guarantee Scheme is an Australian Government initiatives to support eligible home buyers purchase a home sooner. Data generated from the Scheme allows NHFIC to generate unique insights into the first home buyer market.
Insights from NHFIC’s proprietary HGS data is covered in this section.
Use the interactive map below to see statistics on all guarantees that were offered and issued to home buyers under the Home Guarantee Scheme between 1 July 2021 and 30 June 2022. Data shown is as at 30 June 2022.
Search by postcode or local government area (LGA) and click on the map to view key information.
This analysis is a collaboration between NHFIC and its major bank panel lenders CBA and NAB and provides data insights on the operation of the Government’s Home Guarantee Scheme (HGS) since its inception in January 2020 to 31 May 2022, benchmarked against broader first home buyer data for the equivalent period.
Good quality local infrastructure contributes to people’s wellbeing, increases the liveability of our local neighbourhoods and cities, and helps facilitate the necessary flow of new housing supply for a growing population. Poorly planned cities and inadequate local infrastructure can impede new housing supply and exacerbate affordability problems. Sub-standard local infrastructure can also sow the seeds of community discontent over more development, because people fear new housing will mean increased traffic congestion and eroding amenity in their local neighbourhoods.
Property tax reform is gathering momentum. The NSW government recently published a progress paper providing more detail about its reform intentions including the results of its public consultation process. The next step for NSW is to assess feedback on the progress paper and provide an update later in the year. It now joins the ACT as the only two jurisdictions in Australia intent on replacing transfer (stamp) duty with land tax.