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Home Guarantee Scheme caps lifted to counter soaring property prices Scott Morrison promises

Home Guarantee Scheme caps lifted to counter soaring property prices Scott Morrison promises 2

Home Guarantee Scheme caps lifted to counter soaring property prices Scott Morrison promises 3

Changes in value of properties now eligible for the scheme: 

NEW SOUTH WALES 

FY 21-22 $800,000 Sydney and regional centres; $600,000 rest of state

FY 22-23 $900,000 Sydney and regional centres; $750,000 rest of state

 

VICTORIA

FY 21-22 $700,000 Melbourne and regional centres; $500,000 rest of state

FY 22-23 $800,000 Melbourne and regional centres; $650,000 rest of state

 

QUEENSLAND 

FY 21-22 $600,000 Brisbane and regional centres; $450,000 rest of state

FY 22-23 $700,000 Brisbane and regional centres; $550,000 rest of state

 

WESTERN AUSTRALIA

FY 21-22 $500,000 Perth and regional centres; $400,000 rest of state 

FY 22-23 $600,000 Perth and regional centres; $450,000 rest of state

 

SOUTH AUSTRALIA 

FY 21-22 $500,000 Adelaide and regional centres; $350,000 rest of state

FY 22-23 $600,000 Adelaide and regional centres; $450,000 rest of state

 

TASMANIA 

FY 21-22 $500,000 Hobart and regional centres; $400,000 rest of state

FY 22-23 $600,000 Hobart and regional centres; $450,000 rest of state

 

AUSTRALIAN CAPITAL TERRITORY 

FY 21-22 $500,000 Canberra and regions

FY 22-23 $750,000 Canberra and regions

 

NORTHERN TERRITORY 

FY 21-22 $500,000 Darwin and regions

FY 22-23 $600,000 Darwin and regions

 

Regional centres have a population of more than 250,000 people.

Source: Prime Minister’s Office 

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