Performance gives voice to a better understanding
THERE are still places available in a State Government pilot scheme to help first home buyers realise their dream of owning a home in the Rural City of Wangaratta.
The HomesVic pilot scheme has assisted 60 participants since February sign property contracts for a first home across the state, including two in North East Victoria last month.
The pilot scheme makes home ownership more affordable by reducing the amount of money first home buyers need to buy a home.
The scheme was established in February 2018 to assist up to 400 eligible first home buyers on low to moderate incomes and has attracted strong interest from applicants across Victoria with Wangaratta one of the priority areas.
Allocations for houses in one location are fully subscribed, with a number of other priority areas nearing capacity but it’s not too late for people in the rural city to apply to the HomesVic scheme, to secure one of the limited places still available.
Applicants who meet the eligibility criteria will need a deposit of at least five per cent with the shared equity arrangements, allowing the Victorian Government to provide up to 25 per cent of the property’s price in exchange for an equivalent proportional beneficial interest.
A broad range of metropolitan and regional areas – including 85 Melbourne suburbs, 130 regional towns and suburbs, and seven peri-urban towns – provide participants a choice of options when searching for their first home.
For information on HomesVic go to the State Government website - https://www. vic.gov.au/affordablehousing/buying-ahouse-in-victoria/homesvic.html.
POWERFUL INSIGHT: Sarah Sewell, Ben Pearson, Kate Fiske, Melanie Nesbitt, (floor) Jain Thompson, and (front) Kelly Bayley during a performance of Listening to Voices at Hothouse Theatre in Wodonga.