Victorian Government throws more stimulus at property market
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The Victorian Government has launched the $500 million Homebuyer Fund to assist about 3,000 people become home owners.
Under the Fund, the Victorian Government will become an equity partner and aspiring home owners will only need a 5% deposit.
Fund applicants will be subject to income thresholds, must be over 18 and must not already have an interest in a property.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.