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

Key points

• Victoria has signed a federal housing deal that will support 25,600 homes reserved for first-home buyers across 20 locations, including Melbourne, Geelong, Ballarat and Bendigo. Federal housing minister Clare O’Neil announced the agreement, which is part of a commitment to deliver 100,000 new homes for first-home buyers nationally.
• The federal government will provide $2.5 billion, while the Victorian Government will contribute at least $499 million. The funding will go towards essential infrastructure such as roads, water, sewerage and electricity connections.
• The first homes are expected to be delivered in 2027.