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{{propApi.successMessage}} {{region}} Change locationHIA welcomes $1.1 billion boost to Victorian Homebuyer Fund
HIA welcomes $1.1 billion boost to Victorian Homebuyer Fund
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HIA called for the expansion of the Victorian Homebuyer Fund as part of our State Election Imperatives.
HIA’s Victorian Executive Director, Fiona Nield said she was delighted that the state government has listened to HIA and taken this step to address the rapidly rising house prices and interest rates Victorian homebuyers are now facing.
“Shared equity is an effective way to help people into home ownership sooner. The scheme help buyers who despite being able to service the loan cannot obtain finance for the full cost of a home,” said Ms Nield.
“Over the past two decades the rate of home ownership has declined across the country. Critically, home ownership among households aged 25-29 has dropped from 43 to 37 per cent over the past decade.
“Today’s announcement will provide a major boost to Victorian homebuyers, particularly first homebuyers who have received the most assistance from the Victorian Homebuyer Fund.”
Research commissioned by HIA shows that 75 per cent of Australians believe we should be able to own our own home, while 85 per cent of renting households aspire to own their own home – yet only 42 per cent of these households now believe they will achieve it.
Read HIA’s State Election Imperatives 2022.
For more information please contact:
Don't impair market confidence with talk of more taxes
“Consistent with the recommendations from the Henry Tax Review: Don’t change negative gearing or capital gains tax until supply has been addressed and the purpose of the productivity summit should not be to increase the taxes on housing,” stated HIA Chief Economist, Tim Reardon.
Victorian Government small sites pilot program
The state government has established the Small Sites Pilot Program to unlock government land for housing development.
Strongest home sales for 3 years
“Sales of new detached homes increased by 18.8 per cent in the three months to June 2025 compared to the previous three months,” stated HIA Chief Economist, Tim Reardon.
NT approvals reform a step in the right direction
“The Housing Industry Association has welcomed the Northern Territory Government’s commitment to streamlining the Territory’s planning and building approval system,” HIA Executive Director NT, Luis Espinoza said today.