Hey Government! Help buy me a house?

Housing affordability has been a hot topic across Victoria for many years and now the state Government is offering a unique co-purchasing arrangement under a pilot program called HomesVic.

Housing Affordability Reforms offering a unique Co-Purchase deal. 

Housing affordability has been a hot topic across Victoria for many years and now the state Government is offering a unique co-purchasing arrangement under a pilot program called HomesVic.

HomesVic will give 400 people the chance to co-purchase a home with the government, which will chip in an equity share of up to 25% and get its money back (plus price growth) when the property is eventually sold. 

The HomesVic  program is available for application from couples earning up to $95,000 and singles earning up to $75,000. Purchasers will need will need a 5% deposit to be eligible.


While government co-purchasing is common overseas; this is a state first for Victoria, and one of several new reformsmade to assist housing availability including 17 new Melbourne suburbs and stamp duty reductions. 

To stay up to date with reforms, join our newsletter list and receive a free property-buyers tips checklist.

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