Home Ownership Assistance for Australian Defence Forces, Veterans Given a Boost

[Epoch-Times-Bot]

Home Ownership Assistance for Australian Defence Forces, Veterans Given a Boost

It will be easier for serving members and veterans of the Australian defence forces to enter the housing market after the federal government passed a multimillion-dollar expansion to the Defence Home Ownership Assistance Scheme.
Originally established in 2008 under former Labor Prime Minister Kevin Rudd as a way to help retain serving defence personnel, the scheme’s $46.2 million (US$32.6 million) expansion will mean that from Jan. 1, 2023, serving members will be able to access the scheme two years earlier, and reserve members will be able to access it four years earlier.
Additionally, veterans who have served on or after July 1, 2008, will be able to access the scheme at any stage after they have left the service. Previously, veterans could only access the scheme if they had left the service in the previous five years....

Source: Home Ownership Assistance for Australian Defence Forces, Veterans Given a Boost

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