This week's episode of 'The Property Files' has a Victorian theme with Aífe and Trent discussing the intricacies of the Victorian Homebuyer Fund. They explore how this initiative by the Victorian government allows homebuyers to secure up to 25% of their property's purchase price in exchange for a shared equity stake. The discussion highlights benefits, especially for those on tight budgets or looking to enter competitive property markets. They also dissect the program's conditions, including income caps, residency requirements, and obligations such as property maintenance and annual reviews. The scheme isn't readily discussed through mortgage brokers so Aífe and Trent critically examine options available for you to take part. Listen in to learn how government support is available to help you achieve homeownership goals.
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