Victoria enters deal to build 25,000 homes exclusively for first-home buyers

A federal and Victorian government housing deal will lead to the construction of more than 66,000 properties across the state, with 25,600 homes reserved for first-home buyers. The deal will see 25,600 homes reserved exclusively for first-home buyers. Picture: GettyFederal housing minister Clare O’Neil announced the agreement as part of the Albanese government’s election commitment to help deliver 100,000 new homes for first-home buyers across Australia. Victoria is the latest state to sign up to the commitment, following South Australia, the Australian Capital Territory, Tasmania, Western Australia and Queensland. Collectively, the agreements are expected to deliver about 180,000 new homes, including more than 67,000 reserved for first-home buyers. The Victorian deal will support 25,600 homes reserved for first-home buyers across 20 locations, including Melbourne, Geelong, Ballarat and Bendigo. The homes will include a mix of houses and apartments, with the first homes expected to be delivered in 2027. “Young Victorians are working hard, saving hard and doing everything we ask of them – but too many still feel like owning a home is out of reach,” Ms O’Neil said. “We’re putting fir...