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Victorian Budget 22/23

Homes for Victorians

Having a home is so much more than just a roof over your head.

Three tradies on a construction site

It gives you the base you need to hold down a job, or to study and get a good education.

It’s a place where you can start a family of your own and create a great future for your kids.

And it means belonging to a community of people – it gives security and opportunity.

A home is the foundation of a better life, and our Government is so proud to offer thousands of Victorians the chance to achieve exactly that.

In October 2021, the Government launched its $500 million Victorian Homebuyer Fund, a shared equity scheme that has already helped over 900 Victorians to buy a home and approved more than a further 1,400 to start house hunting.

In the 2020/21 Budget, we invested a record $5.3 billion to deliver more than 12,000 new homes, including 2,000 dwellings for Victorians living with a mental illness.

Government intends to work with the community housing sector to make available a further $1 billion in low interest loans and government guarantees to community housing agencies to deliver social and affordable housing.

This is expected to create up to 6,000 new social and affordable houses, providing accommodation for some of our most vulnerable Victorians.

Tackling homelessness

We’re providing the programs and services that Victorians experiencing homelessness need to stay off the streets and find a safe, secure place to call their own.

We’re investing $75 million to provide tailored homelessness support, and focus our delivery model on prevention, early intervention and sustainable housing.

We’re investing $9.4 million to continue critical homelessness programs around Victoria.

This includes support for the Homelessness After-Hours Service, to help people seeking accommodation outside of business hours to find a safe place to sleep and avoid being left to sleep rough.

In the last year alone, the Homelessness After-Hours Service has provided emergency accommodation for thousands of Victorians in need.

Media release

A boost for housing supply, jobs and communitiesExternal Link

Helping more Victorians get a roof over their headExternal Link

Reviewed 03 May 2022


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