The provided market data does not list a Victorian Homebuyer Fund as an available scheme in 2026. However, other support is available, including the Help to Buy scheme where the government co-purchases up to 40 percent for eligible low-to-middle income earners.
Available first home buyer schemes
Buyers can access a full stamp duty exemption on purchases under $600,000, saving up to $31,000, or a sliding concession for properties between $600,000 and $750,000. The Federal First Home Guarantee also allows eligible buyers to purchase with a 5 percent deposit and no LMI.
Affordable South East locations
Officer and Pakenham currently offer detached 3 to 4 bedroom homes under $600,000, fitting within the full stamp duty exemption threshold. Clyde North and Beaconsfield provide options between $600,000 and $700,000, which qualify for the sliding stamp duty concession.
Starting the process
Speak with a mortgage broker experienced in Victorian schemes before beginning a property search. Eligibility criteria, income caps, and property price caps are reviewed regularly and getting this right upfront can save tens of thousands of dollars.
The honest reality
Melbourne’s property market is navigating a tougher environment in 2026. Two RBA rate rises in the past two months have put fresh pressure on buyer borrowing capacity, resulting in more cautious behaviour and longer days on market.
Questions to consider
- Does the Help to Buy scheme’s co-purchase model suit my specific income level and long-term equity goals?
- Can I find a detached home in Officer or Pakenham to maximise the $600,000 stamp duty exemption?
- How have the two recent RBA rate rises specifically shifted my borrowing capacity and budget?
Talk to KR Peters for a straight-talking appraisal with no obligation.
krpeters.com.au
Market information is general in nature and reflects conditions
at the time of publication. For advice specific to your property,
contact KR Peters.