The NSW Government is expanding its Shared Equity Home Buyer Helper trial to include victim-survivors of domestic and family violence.
For participants in the program, the NSW Government will contribute up to 40% of the purchase price for a new home or 30% for an existing home. Eligible participants will secure a property with as little as 2% deposit. They will not require lenders mortgage insurance either.
Survivors of domestic violence are at greater risk of experiencing homelessness. This program will create a new pathway to home ownership.
Whilst this program will suit some survivors, there is still a great need for a large and ongoing investment in social and affordable housing to provide a safe and secure place to live, particularly for families and individuals living on low incomes.