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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
CBOS has split in two: who to contact now
From 1 October 2026, CBOS no longer exists as a single agency. The Tasmanian Government has split its work between two regulators, Building Standards Tasmania (BST) and Consumer Affairs Tasmania (CAT).
HIA remembers Kevin Brock
It is with great sadness that I advise of the passing of HIA Life Member Kevin Brock, aged 87.
Come walk a day in the shoes of small business
Before introducing another tax, another reporting requirement, another compliance obligation or another cost increase, HIA is calling on government ministers and policymakers to spend a day in the shoes of a small business owner.
Technical colleges key to building Victoria's future workforce
"The Housing Industry Association (HIA) welcomes the Victorian Liberal and National Parties commitment to establish tenTechnical Colleges to help address the state's growing shortage of skilled tradespeople and strengthen pathways into the building and construction industry," said HIA Executive Director Victoria, Keith Ryan.