The government’s scheme will open to applications soon, promising to help thousands get onto the property ladder. How have similar schemes worked globally?
Articles on shared equity
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Successful programs overseas have been highly targeted, financially innovative and used planning systems and public land to provide essential workers with housing they can afford.
An approach to building homes collectively, inspired by German baugruppen, has been adopted in Australia with positive results.
Labor’s scheme will get people into homeownership who would have otherwise missed out. The Coalition’s will get people already likely to buy into houses sooner.
Shared equity models have a dual benefit of making home ownership affordable for people on modest incomes and freeing up scarce social housing for other households in need.
Shared ownership schemes can unlock access to suitable housing, although these are less common in Australia than overseas. And most are not specifically tailored for people with disability.
New South Wales is Australia’s most populous state, with the most expensive capital city – yet it’s done less than many other states to develop cost-effective options for aspiring home owners.
Top contributors
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John Curtin Distinguished Professor, Curtin University
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Research associate, The University of Melbourne
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Professorial Research Fellow, Institute for Culture and Society, Western Sydney University
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Professor, Social Policy Research Centre, UNSW
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Senior Lecturer, School of Property, Construction and Project Management, RMIT University
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Professor of Planning and Director of Urban Transformations Research Centre, Western Sydney University
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Professor of City Planning, School of Built Environment, UNSW
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Associate Professor in Urban Geography, The University of Melbourne
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Emeritus Professor of Housing, UNSW