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The Guardian - AU
The Guardian - AU
National
Benita Kolovos

Victoria to subsidise rent for 2,400 new homes in attempt to ease housing crisis

Signage for a real estate property
In metropolitan Melbourne, rents will be set at least 10% below the median market rate for the area and capped at 30% of the median income in Melbourne. Photograph: James Ross/AAP

Families earning up to $132,000 will be able to rent homes from the Victorian government as part of a scheme it says will help ease housing affordability concerns in the state.

On Friday, the housing minister, Richard Wynne, will announce the affordable housing rental scheme, which will make about 2,400 homes from the government’s $5.3bn “big housing build” available to rent.

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