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Britons warn of dangers of shared home ownership scheme

Nov. 18, 2024 - 13:30 By ABC NEWS (Australia)

The federal government's help-to-buy scheme for first home buyers is due back in parliament this month after being voted down earlier this year. The idea itself isn't new – several Australian states offer some version of sharing the cost of buying a first home for people priced out of the market. The UK was a pioneer of the scheme. But as Bridget Rollason reports from London, the British model hasn't always worked out.