The Victorian Homebuyer Fund (VHF) creates an opportunity to get into the housing market by sharing equity in the property with the Victorian Government. Equity is simply another way of labelling the ownership share in the property. By entering into this scheme, you will need to view your home buying journey with a different mindset. In effect you are purchasing a portion of your property now and purchasing the rest of it later from the Government.

Stamp duty describes the tax purchasers (or transferees) are required to pay on certain legal documents, usually in the transfer of assets or property. In the case of property transactions, stamp duty is calculated on the dutiable value of a property.

A Section 27 Statement, commonly known as an “Early Release of Deposit Authority”, allows a vendor to request access to the deposit funds paid by a purchaser prior to settlement, subject to certain legislative requirements being met.