Victoria said it will add $700 million to – and also announced the end of – its shared-equity housing scheme, in a move that will make it easier for aspiring buyers to purchase in regional areas for the last year of operation of the Victorian Homebuyer Fund program.
The Allan Labor government lifted the ceiling for eligible home purchases from $600,000 to $700,000, which is aimed at boosting sales outside metropolitan Melbourne as it added the extra money to the $2.1 billion fund.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
