Rent-to-own: housing plan aims to boost home ownership
By Abe Maddison
Thousands of renters will be able to save deposits and purchase homes through a multimillion-dollar program pitched to voters ahead of a state election.
South Australian Premier Peter Malinauskas announced Labor’s rent-to-own policy on Wednesday, aiming to deliver 2000 homes over eight years through a $413.5 million state-federal investment.
“Our rent-to-own policy will see people who are stuck in the rental market being able to move into a registered property,” he said.