Labor Has Won: What It Means for Home Buyers in Australia?

The votes are in and Labor has secured another term and that means some big changes are coming, especially when it comes to housing and home ownership.

If you’re a first home buyer, investor, or just watching the market closely, here’s what Labor’s win could mean for you.

Help to Buy Scheme: A 5% Deposit Just Got Real

One of Labor’s flagship housing policies is the Help to Buy shared equity scheme. Under this initiative, eligible buyers will only need a 2–5% deposit, with the government co-purchasing up to 40% of the property. This drastically lowers monthly mortgage repayments and helps more Australians get into the market sooner, without the added cost of Lenders Mortgage Insurance (LMI).

Who’s it for? First home buyers and low-to-middle income earners who meet eligibility criteria.

The catch? The government will have a share in your home, and there are caps on property prices and income thresholds, but the relief on repayments could be game-changing.

100,000 New Homes: Supply Is Finally in the Spotlight

Labor has also promised to build 100,000 new homes through its Homes for Australia plan part of a broader $43 billion national investment. With rising demand and limited stock pushing up prices, this initiative aims to boost supply and help ease the pressure on affordability.

The first homes are expected to roll out from 2027, with broader availability over 2028 and beyond.

Foreign Buyer Ban: More Room for Locals

In a move that surprised some, Labor has announced a two-year ban on non-citizens buying existing properties in Australia (from April 2025 to March 2027). This is designed to reduce competition in an already tight market and give local buyers a better chance to get in.

If you’re a local buyer, this could be good news, especially in areas where foreign investment has previously driven up prices.

Social and Affordable Housing Boost

Labor is also unlocking funds through the Housing Australia Future Fund, which aims to build 30,000 new social and affordable homes over the next five years. This focuses on supporting key workers and vulnerable Australians — and it’s a step toward tackling long-term rental shortages and housing inequality.

The Big Question: Will This Make Homes Cheaper?

Not necessarily. While these policies are designed to improve access and affordability, increased buying power can push prices up if housing supply doesn’t keep pace. It’s a delicate balance, and many experts are watching closely to see how well the supply side of the equation is managed.

But what we do know is this: for first-home buyers and renters who’ve been feeling locked out of the market, Labor’s housing platform offers new hope and possibly a faster pathway into home ownership.

Thinking About Buying?

If you’re wondering how these changes affect your plans, or whether you’re eligible for the Help to Buy scheme, we’d love to chat.

Let’s explore your options and get you one step closer to home ownership, before the market moves again. Reach out below.