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The Guardian - AU
The Guardian - AU
National
Benita Kolovos Victorian state correspondent

Almost a third of those eligible for Victorian homebuyer scheme would miss out under federal Help to Buy

Help to Buy PBO Victoria Rachel Payne
Buildings in Melbourne
The maximum purchase price for homes in Melbourne and Geelong is capped at $100,000 lower under the federal Help to Buy scheme than under the Victorian scheme. Photograph: James Ross/AAP

Almost a third of Victorians who could be eligible for the state’s shared equity scheme for homebuyers would miss out if it is replaced by federal Labor’s proposed Help to Buy initiative, according to independent analysis.

A report by the Parliamentary Budget Office (PBO), to be released on Tuesday, has found 668,800 Victorians – or about 29% of those who could currently be eligible for the state’s Homebuyer Fund – would no longer qualify under the federal scheme.

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