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A new approach to entering the housing market in Australia has been proposed by one of the country’s leading entrepreneurs and finance executives.
It’s a structure already being used in 50 other countries and would take about five years to introduce locally, Talal Yassine OAM told news.com.au, revealing it provided a far easier pathway into home ownership than Australia’s current systems. The Islamic model, which Mr Yassine stressed was for everybody not just the Muslim community, was essentially a scheme that allowed people to “rent to own”.