Victoria warms up full blown public equity housing ponzi scheme

Thursday, 25 January 2018

Hopeful first-home buyers across Victoria will soon be able to apply for the state government to cover up to a quarter of their mortgage.

The shared equity scheme, known as HomesVic, will be available to low-income earners looking to buy in select growth areas and regional centres.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.