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{{propApi.successMessage}} {{region}} Change locationVictorian home buyers dreams a step closer
Victorian home buyers dreams a step closer
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“The Victorian Government’s Homebuyer Fund, announced today, is set to see more than 3,000 Victorians achieve their goal of home ownership,” stated HIA’s Victorian Executive Director, Fiona Nield.
The Victorian Homebuyer Fund will assist eligible participants with a 5 per cent deposit step onto the home ownership ladder. The program is a shared equity program whereby the Government supports up to 25 per cent of the purchase price, in exchange for an equivalent share in the property.
“This assists home buyers address the most significant barrier to getting into home ownership, which is saving a deposit.
“We know that over 90 percent of renters aspire to home ownership but less than half believe they will achieve this goal.
“This new approach expands on a recent pilot program and will mean that thousands of Victorians are supported by the Government to achieve their goal of home ownership sooner.
“In combination with other first home buyer support available to Victorians, such as the First Home Owners Grant and other initiatives, this Fund should provide incentives for eligible home buyers to take this next step.
“It is also pleasing to see that this shared equity arrangement will not be limited to first home owners. There are many households that aspire to re-own a home after previously owning one. Until recently there was no support for this equally important group of home buyers and to have a second option become available for these Victorians is extremely welcome,” concluded Ms Nield.
For further information
Infrastructure and housing key to unlocking Hunter and Central Coast growth
Housing Industry Association (HIA) Industry Outlook Breakfast in Newcastle and Gosford have highlighted the critical role of infrastructure, planning reform and industry support in addressing housing supply challenges across the Hunter and Central Coast regions.
Regional housing must be a priority in the 2026 Victorian election
The Housing Industry Association (HIA) is calling on all political parties contesting the November State election to make regional housing a priority, placing regional communities and their growing populations front and centre of their pre-election policy commitments.
The NSW Budget builds on existing housing supply reforms
“HIA welcomes the initiatives to support new housing announced by the Treasurer as part of today’s NSW State Budget,” said Brad Armitage HIA NSW Executive Director.
Building indemnity caps lifted to combat rising building costs
On 1 July 2026, builders will receive a 9% increase to eligibility and job profile limits for building indemnity insurance. These changes are designed to keep up with rising construction costs and are a welcome change for the industry. This is one update you don't want to overlook - keep reading to find out if you are eligible, or what you can do to opt-out.