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Victorian Homebuyer Scheme Clashes with Federal 'Help to Buy' Policy

2 hours ago

Victorian Homebuyer Scheme Clashes with Federal 'Help to Buy' Policy
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7 Highlights

  • Federal homebuyer scheme has stricter income, property limits than Victoria's plan.
  • Around 666,800 Victorians may not qualify under the new federal homebuyer scheme.
    • Victoria offers one of Australia's most generous shared-equity homebuyer programs.
    • Anthony Albanese's federal plan, part of election promise, awaits parliament approval.
    • Federal scheme sets Melbourne, Geelong property cap $100,000 lower than state limits.
    • Victoria's scheme allows lower-income singles to qualify compared to federal limits.
    • Victoria's 25% shared investment aids 11,000 households; state plan ends by mid-2025.
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