Per­for­mance gives voice to a bet­ter un­der­stand­ing

Wangaratta Chronicle - - News -

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.­ford­able­hous­ing/buy­ing-ahouse-in-vic­to­ria/homesvic.html.

PHOTO: Pete Parkin­son

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.

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