New strategy tackles housing affordability
Every Victorian deserves the safety and security of a home.
But, for many, that's becoming harder and harder.
The Victorian Government's new strategy, Homes for Victorians, will address many of the housing issues facing Victorians:
- Renters are struggling with high rents or living in unsuitable housing
- Many Victorians, particularly young Victorians, are unable to break into the housing market
- The number of Victorians who need public and community housing is growing. Waiting lists are long and many properties are no longer fit for purpose.
It's a big job, but the strategy's aim is simple: to give every Victorian every opportunity to find a home.
Homes for Victorians includes:
- No stamp duty on homes up to $600,000 and cuts to stamp duty on homes up to $750,000 for first-time buyers
- First home owner grant doubled to $20,000 in regional Victoria
- New opportunity for first home buyers to co-purchase their home with the Victorian Government
- Long-term rental leases
- Build and redevelop more social housing, supporting vulnerable Victorians while creating thousands of jobs in the construction industry.
The Victorian Government will work with partners across government and across the state, from builders and investors to local government and not-for-profit organisations.
Homes for Victorians builds on work already being done:
- The soon to be released Plan Melbourne 2017–2050
- Reform of the Residential Tenancies Act 1997
- Better apartment guidelines
- Efforts to better connect Victorians with services and infrastructure they need, regardless of where they live.
Visit the Homes for Victorians website for more information on the strategy.