AusSchemes is not a government service. This information is general in nature and may not reflect the most recent eligibility rules or amounts. Always confirm details on the official source before applying.
Victorian Homebuyer Fund
A shared equity scheme where the Victorian Government co-purchases a home with you, reducing the amount you need to borrow and helping you avoid LMI with a 5% deposit.
Indicative amount
5% deposit; government takes up to 25% equity stake
Indicative amount only — confirm on the official page
What you get
The government takes up to a 25% equity stake in your home (5% for eligible Koorie home buyers). You only need a 5% deposit and no LMI. The government's share is repaid when you sell or buy them out.
Who it's for
Relevant life events: buying home
How to apply
1. Check eligibility on the Victorian Homebuyer Fund website. 2. Apply through a participating lender. 3. Property price caps apply by location.
Documents you may need
- Proof of identity
- 5% deposit evidence
- Income documentation
- Property purchase contract
Informational only — confirm exact requirements on the official page.
You will be taken to www.vic.gov.au
Last reviewed by AusSchemes: 20 April 2026