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'Mid rent' to help those struggling to buy a home

Friday, 4 December 2020 06:13

Government scheme for those saving for a deposit

Those struggling to get on the property ladder, but earning too much to live in social housing, may benefit from a government 'mid-rent scheme'.

It's where eligible people can lease a property for a fixed period, paying around 20% below market rent, whilst saving for a house deposit.

A consultation on the scheme is open until 10 December, with the Department of Infrastructure keen for views on how it should work.

Marlene Maska MLC is the DoI member for housing:

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