Almost a third of those eligible for Victorian homebuyer scheme would miss out under federal Help to Buy

Exclusive: PBO report finds Help to Buy has lower income and property price caps than generous state program

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Almost a third of Victorians who could be eligible for the state’s shared equity scheme for homebuyers would miss out if it is replaced by federal Labor’s proposed Help to Buy initiative, according to independent analysis.

A report by the Parliamentary Budget Office (PBO), to be released on Tuesday, has found 668,800 Victorians – or about 29% of those who could currently be eligible for the state’s Homebuyer Fund – would no longer qualify under the federal scheme.

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