A YEAR ON, HOMES FOR VICTORIANS IS MAKING THINGS FAIR IN WYNDHAM
Thousands of Victorians now have the comfort and security of a new home thanks to the Andrews Labor Government’s ground-breaking Homes for Victorians initiative.
A year after its launch, more than 1255 first home buyers have benefited from stamp duty exemptions and concessions in Wyndham. This is most of out of any municipality in Victoria. That is while more than 252 have received first home owner grants to break into the housing market in Wyndham.
In the eight months to 28 February 2018, more than 14,000 first home buyers across Victoria paid no stamp duty, while another 3,200 paid reduced stamp duty – a saving of more than $310 million that has gone back into the pockets of hard working Victorians
For lower income households, the Labor Government is piloting HomesVic – a new shared equity scheme to help up to 400 eligible first home buyers reduce the amount of money needed to buy their own home. Around 1,000 applications have already been submitted.
These and a range of other initiatives – including increasing land supply across Victoria, increasing the supply of social and affordable housing, speeding up local government planning decisions, and making long-term leasing a real option for Victorians – all making housing fairer for all Victorians.
Quotes attributable to Tim Pallas, Member for Werribee
“Our reforms are saving Victorians thousands of dollars and helping more first home buyers break into the housing market in Wyndham.”
“It’s part of our ongoing investment to make housing fair for all Victorians, whether they’re buying or renting.”