S UBMISSION H - ELP TO BUY PROGRAM DIRECTION 2024

In 2023, the RAI established the National Alliance for Regionalisation, a cohort of 32 of Australia’s leading peak industry bodies who support the aspirations of the Regionalisation Ambition 2032 and overarching goal to ‘rebalance the nation’. [...] Regional housing has been at the forefront of the RAI’s research and work, recognising the importance of diverse and affordable housing markets to the liveability of regional Australia. [...] Specifically, it illustrates how much and on what basis the home buyer, the Commonwealth and the participating lender each contribute to the cost of a house and land package, under the same scenario as in Figure 5 above. [...] - the Commonwealth’s contribution amount being based on the house and land package contract price; - the Commonwealth’s equity share being based on the value of the property at settlement Specifically, Section 25 sets out the share of the return (in relation to a relevant property) which the Commonwealth is entitled to. [...] Subsection (3) in particular sets out that in the event of the value of the property, as assessed by the participating lender for the purpose of settlement, is lower than the purchase price, the Commonwealth share will increase to a percentage to preserve what would have been the value of the Commonwealth share had the value of the property at that date been equal to the purchase price.