Victorian Homebuyer Fund Explained: Is It the Right Choice for You?

Buying your first home in Victoria can feel overwhelming, especially when you're trying to save a 20% deposit. The Victorian Homebuyer Fund is designed to make home ownership more achievable by allowing eligible buyers to purchase with as little as a 5% deposit through a shared equity arrangement with the Victorian Government.

While the scheme can help you enter the property market sooner, it's important to understand exactly how it works before you apply. The government contributes up to 25% of the purchase price, reducing the amount you need to borrow. However, because it owns a share of your property, it also shares in any increase (or decrease) in value when you eventually sell.

In our latest YouTube video, we explain the 7 key steps to qualify, the biggest benefits, the potential pitfalls, and what happens when it's time to sell. We also walk through a real-life example of buying a $700,000 property and selling it for $800,000 to show how much money you could actually walk away with.

If you're a first home buyer in Victoria, considering a shared equity scheme, or simply want to understand whether the Victorian Homebuyer Fund is right for your circumstances, this video is well worth watching before making any decisions.

🎥 Watch the full video here below

If you'd like personalised advice about buying property on the Mornington Peninsula or understanding your home buying options, we'd be happy to help.