Victorian Homebuyer Fund
Eligibility
To be eligible you must:
- be an Australian citizen or permanent resident, at least 18 years old;
- be able to pay for all costs associated with purchasing your home such as conveyancing, legal costs, building inspections and stamp duty (if applicable);
- be able to demonstrate your ability to save over time, with a minimum deposit of 5% for general applicants or 3.5% for Aboriginal or Torres Strait Islander applicants;
- be able to confirm that you will be the registered owner of the property and grant the scheme mortgage on the acquisition date;
- be able to confirm that the property will be your principal place of residence;
- must not have an interest in all or any part of a property (including land);
- meet income (single buyers up to $128,000, or household* up to $204,800 per year)(*up to four participants may apply);
- meet property and location eligibility requirements.
