2023 Homebuyer Support Available Now in Victoria

BuyAssist offers financial support for eligible individuals, couples and families to purchase a newly built property sourced by BuyAssist with no deposit required.

Through our government or charitable equity programs, we provide an average 25% of the purchase price of your new home which means homebuyers do not need a deposit. 

* You don’t need a deposit to qualify as our shared equity contribution covers the equivalent of a deposit. This means you can buy your own home sooner.

* We make an assessment of your servicability – the amount you can afford to borrow and repay to the bank

* We connect you with qualified lenders

* We match you to a property that you can call home.

The Details

The amount of shared equity home owner support made available will typically be around 25% of the purchase price of the property.  This is the “BuyAssist HomeBuyer Support Amount”. The BuyAssist Homebuyer Support Amount is provided by Investor who is looking to support sustainable and affordable home ownership. The BuyAssist HomeBuyer Support Amount is combined with any savings you might have and a normal home loan from a lender that supports the program.

You will need to enter into a Home Ownership Participation Agreement (“HOPA”) with the Investor to access the financial support.  The HOPA outlines the rules that govern how the support is provided and your obligations to us and our obligations to you.

In exchange for the support, you agree that the BuyAssist Investor (the party providing the funds) will be entitled to an agreed share of the property’s future value. For example, if the BuyAssist Support Amount was 25% of the property’s purchase price then the BuyAssist Investor will receive 25% of the property’s agreed value when the Home Ownership Participation Agreement is completed. This usually occurs when you decide to sell the property or refinance it. The same calculation is applied even if the value of the property falls.

We have a selection of apartments, townhouses, house and land packages in various locations with a current program focus on supporting households to buy a new home with no deposit in Melbourne and regional Victoria.

Once you have registered and pre-qualified for BuyAssist homebuyer  support we keep you updated as new properties become available. New stock and programs are added throughout the year.

To view a list of current properties, click here.

We invite you to register your interest by completing the online form here.

The simplest step is to Register your details with us today.  Our online form asks for some base information to enable us to make an initial assessment on your eligibility.

Or if you have further questions, please read our Frequently Asked Questions.

BuyAssist is a unique homeownership program in that we are developed by a not-for-profit housing company and our impact investors include governments and private entities. The key differences between our program and other homeownership support or homebuyer fund programs are that we do not require any deposit. We also facilitate the loan and purchasing process, matching you to a brand new property. 

We are not a rent to buy, rent to own or co-ownership program. You are 100% on the title and own your own home from the time you settle with our homebuyer support.

You may also be eligible for other government first home owner support such as first home owner grants or stamp duty exemptions to contribute to buying your own home. 

Contact us to find out more.