Expansion of Homebuyer Fund

As part of the 2024-25 State Budget, the Victorian Government has announced a $700 million expansion of the Victorian Homebuyer Fund.

The Budget also includes the following Homebuyer Fund eligibility requirement changes from 1 June 2024:

  • Increasing the regional purchase price cap from $600,000 to $700,000, and
  • Including single parent applicants in the joint applicant income threshold of $208,775.

From 1 June 2024 until 30 June 2025, there will also be a monthly cap on the number of applications accepted.

The Homebuyer Fund was established in 2021 and is a shared equity scheme in which the government makes a financial contribution to the purchase price of an eligible property, in exchange for a proportional interest, or share, in the property. 


Read more on the SRO Website


Source:  State Revenue Office Victoria

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