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Victorian Homebuyer Fund

Enquire now to find out if you're eligible

Helping Victorians into home ownership sooner

It can be hard for many Victorians to save enough for a house deposit. That’s why the Victorian Government has launched its shared equity scheme which aims to accelerate the path to home ownership.

You can only access this opportunity from three banks, one of which is Bendigo Bank.

If you have a 5% deposit, the Victorian Government will contribute up to 25% of the purchase price for eligible participants and 35% for Aboriginal and Torres Strait Islanders in exchange for an equivalent share in the property, whilst removing the need for Lenders Mortgage Insurance.

We’re proud to be a participating lender and look forward to helping even more Victorians into home ownership.

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I'm very proud of my home. It's our place; it's our sanctuary.

You've got that flexibility to have pets, so my dog, Coco, and cat, Mittens, are part of the family and knowing that they'll always have a place here is really important to me.

My daughters love this home too. Being in their own place means that they can create their own bedrooms, create their own sanctuary.

I was trying to get back into the property market. I'm a single mum now with two girls. So, speaking to my Mobile Home Lender, he made me realise that I already had my five percent deposit.

So, using the Victorian Homebuyer Fund, I could purchase my property now and I wouldn't have to continue to save.

I didn't believe that having only a 5 percent deposit would mean that I could get back into the property market.

I'm paying less, owning my own home, paying off a mortgage, being able to decorate a home in the way that I love and have that security long-term knowing that this is my place, and the ability to be able to put that money aside for bills for school fees is just a reassurance that the scheme is working.

The Victorian Homebuyers Fund has allowed me to purchase a property in the community that my children have grown up in. It's close to their friends and their schools and it's a place that's familiar to them.


We're here to help you with your application

If you meet the eligibility criteria the next step is to reach out to our team who can assist with your application. Complete our simple online enquiry form and a team member will be in contact with you shortly.

To be eligible you must:

  • be an Australian citizen or permanent resident, at least 18 years old;
  • be able to pay for all costs associated with purchasing your home such as conveyancing, legal costs, building inspections and stamp duty (if applicable);
  • be able to demonstrate your ability to save over time, with a minimum deposit of 5% for general applicants or 3.5% for Aboriginal or Torres Strait Islander applicants;
  • be able to confirm that you will be the registered owner of the property and grant the scheme mortgage on the acquisition date;
  • be able to confirm that the property will be your principal place of residence;
  • must not have an interest in all or any part of a property (including land);
  • meet income (single buyers up to $130,485, or household* up to $208,775 per year)(*up to four participants may apply);
  • meet property and location eligibility requirements.

Get home and contents insurance worth having

Insurance you can rely on is worth its weight in gold. Help protect your home by making sure you have adequate cover in place. We offer a range of options, great payment flexibility, and we have a dedicated insurance team who can assist you.

The application process

Check your eligibility

Check your eligibility for the scheme using the Victorian Government’s online tool.

Make an appointment

Enquire online and a Bendigo team member will be in contact shortly to assist you with your application

Buy your home

Purchase a property that meets the conditions of your Scheme Approval within 90 days.

Move in

Move into your new home! Check out our tips to assist you with your move. 

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Things you should know

Bendigo Bank is a participating lender for the Victorian Homebuyer Fund which is an initiative of the Victorian Government. The information on this page is correct at the time of publishing but may change at any time without notice to you, including as a result of changes to the Victorian Homebuyer Fund by the Victorian Government.

Terms and conditions, fees, charges, eligibility and lending criteria apply. Restrictions and other obligations apply after purchase. Full details available on application. All information is correct as at 4 October 2021 and is subject to change without notice. Find out more at

Target Market Determinations for products are available.

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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