Victoria state government plans to invest $700m into shared-equity housing, raise ceiling to $700k, extend the Victorian Homebuyer Fund, and scrap the First Home Buyers Grant.
The Victoria state government plans to invest $700m into its shared-equity housing scheme and raise the eligible home purchase ceiling to $700,000, targeting regional areas. The First Home Buyers Grant for 2024 will be scrapped, with the government planning to join a proposed national scheme. The existing Victorian Homebuyer Fund, which has assisted over 7,300 people, will be extended for one more year at a cost of $700m before being discontinued.
May 07, 2024
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