Shared equity homes

Shared equity schemes are a great solution for home buyers looking to enter the property market sooner, with a smaller loan, less deposit and manageable repayments. Find out how it works and how it can help you.

How it works

With a shared equity or help to buy scheme, the government essentially contributes to the purchase price of your home, in exchange for a share (co-ownership) in the property. This may be suitable if your borrowing capacity is limited for property in your desired area.

The Victorian State Government currently has the shared equity Homebuyer fund available. In early 2024, the federal government 'Help to Buy' scheme will be available to all states.

Shared equity facts

• The scheme allows you to buy a home with a smaller loan and less deposit while also avoiding lenders mortgage insurance.

• Your repayments will be more affordable and manageable than if you were to buy the property on your own.
  
  
• It's available to both first and non-first home buyers.

• It may allow you to buy property within an area that was previously beyond your budget if purchasing alone.

• The government will essentially own a portion of your home. If you sell, the government will take their percentage of the profit.

• You're not charged interest for the governments portion and you can exit the program by either selling your property or repaying the Government’s contribution.

• The scheme is not available with off-the-plan, house and land packages.

400+

Families helped into their own home.

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Reviews on Facebook and Google.

Get started now

Understanding the property market and shared equity schemes can seem complicated.

We can help you to navigate the process by connecting you to finance support and securing a suitable new home.

Pre-qualification is a quick, hassle-free way to find out your options - without impacting your credit score!

Start pre-qualifier ›

Disclaimer: This is general information only and subject to change inline with government updates. Eligibility criteria's for government shared equity schemes apply. MWC Property Group will assess the buyers individual situation to determine what options may be available based on your individual situation. View full disclaimer.