Southern Metropolitan Region
Ryan BATCHELOR (Southern Metropolitan) (12:51): (640) My question is for the Treasurer. Many residents across southern metropolitan Melbourne are looking to buy their first home, so can the Treasurer please outline how the Victorian Homebuyer Fund shared equity scheme will benefit first home buyers in the Southern Metropolitan Region? We know many Victorians want to buy a home – their first home – and Labor shares their ambitions. We know that sadly home ownership is becoming more and more out of reach for many first home buyers. House prices are rising; interest rates are a constant source of stress. The Victorian Homebuyer Fund will mean that if you are struggling to buy a home, you can apply to have the Victorian government make a financial contribution to the purchase of your home in exchange for an equity share in the property which can be paid back over time. Under the Victorian Labor government first home buyers will not be left out in the cold.