The Victorian Property Fund
$100 million
over four years - initiative includes supplementary funding since 2016-17 Budget Update
The Victorian Property Fund (VPF) is a trust fund administered by Consumer Affairs Victoria, with money coming from the interest paid on estate agents’ and conveyancers’ trust accounts.
The VPF provides grants to support a range of related programs, including housing assistance for vulnerable Victorians. Up to $100 million in new grants will be provided over the next four years.
Recent grants have included:
- $5.5 million for 20 affordable units for women aged over 55, including women and children escaping family violence
- $2.7 million for Common Equity Housing for acquisition of units at Harmony Village
- $1.6 million for the Victorian Women’s Housing Association for affordable housing for women with low incomes in Coburg
- $1.4 million to Housing Choices Australia for veterans' accommodation
- $2.6 million to Kids Under Cover for prevention of youth homelessness.