The strategy:
- provides more than $2 billion in support for social and affordable housing
- shifts support from investors to first home buyers through tax changes and grants
- improves housing outcomes for Victorians with $770 million in funding.
Homes for Victorians is a way for the whole of Victorian Government to work in partnership with the Australian Government and local councils, the community social housing sector, and the development and construction industries.
HomesVic shared equity scheme
HomesVic is the Victorian Government’s shared equity pilot program. It was announced as part of the Homes for Victorians housing strategy. The Victorian Government will offer to co-purchase properties with up to 400 eligible first home buyers and pay up to 25% of the price.
Reviewed 05 July 2018