A great news for the Victorian home buyers to own a home more easily
The Victorian Homebuyer Fund is a shared equity scheme, making it easier for Victorians to enter home ownership.
If you have a 5% deposit, the Victorian Government could contribute up to 25% of the purchase price in exchange for an equivalent share in the property. This will save you money by reducing your mortgage and removing the need for Lenders Mortgage Insurance.
Aboriginal and Torres Strait Islander participants only require a 3.5% deposit and are eligible for a 35% shared equity contribution.
For more details, please watch the video or access the website by the following links: