PHOTO: The State Government’s shared equity scheme will help up to 400 first-home buyers through its pilot program.
STRUGGLING first-home buyers can apply from next week for the State Government’s shared equity scheme aimed at helping boost Victorians into the market.
Applications open next Monday, February 19, with up to 400 eligible low to moderate income earners set to get the green light for the pilot program, which is backed by a $50 million fund.
First-home buyers will only need a 5 per cent deposit under the scheme, announced last year as part of the ‘Homes for Victorians’ package, with the government providing up to 25 per cent of a property’s purchase price.
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