Albanese government delivers wins for first home buyers and aged care workers

From Wednesday, October 1, each archetypal location buyers tin participate the lodging marketplace sooner with conscionable a 5 per cent deposit, the Albanese Government announced. The scheme, launched months up of schedule, marks a generational displacement successful lodging affordability.

A statement from the Prime Minister’s bureau said, “This is bully quality for archetypal location buyers, helping much Australians realise the imagination of location ownership sooner.”

“We’re making it easier for young radical and archetypal location buyers to execute the imagination of owning a home. From today, the 5 per cent deposit strategy will beryllium available for each archetypal location buyers, meaning much Australians tin get into their ain location sooner. This alteration will unfastened the doorway to thousands much buyers, helping them prevention wealth and get their keys faster,” Albanese said.

Historic 5 per cent deposit strategy opens doors for archetypal location buyers

The expanded strategy removes caps connected places and income, and lifts spot terms caps successful enactment with mean location prices. All archetypal location buyers are present eligible. According to the Government, implicit 185,000 Australians “have been supported into location ownership done this scheme.”

With Australia’s median location terms present $844,000, 5 per cent equals $42,200 — the magnitude that successful 2002 covered a afloat 20 per cent deposit for a median home. This highlights the standard of the reform.

Housing Minister Clare O’Neil said the authorities has a “target to support the gathering of much homes successful 5 years than ever before”.

“But we’re not going to permission a procreation down while we hole decades of neglect. We tin physique much homes and assistance archetypal location buyers astatine the aforesaid time.”

“From today, each archetypal location purchaser tin acquisition their ain location with conscionable a 5 per cent deposit. This will chopped the mean clip it takes to prevention a deposit from 11 years to conscionable two oregon three. That tin beryllium the quality betwixt being stuck renting successful your thirties oregon owning your ain home. Expanding this strategy means thousands much Australians tin stop paying disconnected someone else’s owe and start gathering equity successful their ain home.”

The inaugural is portion of the Albanese government’s “$43 cardinal lodging docket to physique much homes, backmost archetypal location buyers, and springiness renters a fairer deal” the statement said.

Fourth Award Wage Increase for Aged Care Workers

The Albanese Government has delivered its 4th grant wage summation for aged attraction workers, reinforcing its committedness to just wage and amended care.

“This is bully for workers, bully for the system and will assistance with the outgo of living,” a statement from the premier minister’s bureau said

“Workers successful aged attraction present the very champion attraction for our loved ones, but their work has been undervalued for too long. Every worker successful the assemblage should beryllium capable to person a long, fulfilling vocation supported by strong and sustainable wage growth,” the statement read.

The latest summation means a level two registered nurse—the astir communal level—will person an other $60.20 a week, enrolled nurses will summation an further $62.40 weekly, and idiosyncratic attraction workers will payment from an other $39.50 per week.

This follows the Fair Work Commission’s determination to assistance an grant wage emergence for 400,000 workers successful the sector. Labor has committed $17.7 cardinal to support the case.

Treasurer Jim Chalmers said aged attraction workers “deserve each dollar of this wage rise”.

“This concern recognises their publication to our system and community, and creates a stronger inducement for young Australians to take aged attraction arsenic a rewarding career.”

Minister for Employment and Workplace Relations Amanda Rishworth focused connected “gender equality astatine the bosom of the Fair Work Act”.

“We present spot the sex wage spread astatine its lowest level connected record, with Australian women earning much than $250 a week connected mean than earlier we came to government. Reducing the sex wage spread was a cardinal crushed we funded the 15 per cent wage summation for aged attraction carers.”

Minister for Aged Care and Seniors Sam Rae said that attraction workers “deserve amended wage and much designation for the meaningful work they do”.

“We’re arrogant to beryllium backing the largest ever summation to grant wages successful a work value lawsuit for radical who attraction for our loved ones with such compassion.”