Coalition considering package to help home buyers

The construction industry says the Coalition is considering bringing in a British-style home purchase help package for first-time buyers which would see the Government fund 20% of mortgages.

Finance Minister Michael Noonan met construction industry chiefs yesterday about the budget as well as groups representing farmers, trade unions, and employers.

After meeting Mr Noonan at Government Buildings, Construction Industry Federation director general Tom Parlon said an equity share scheme would help people to buy homes.