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Homes Victoria affordable

Homes Victoria is delivering 2,400 affordable rental homes in response to the growing gap in housing affordability as part of the landmark $5.3 billion Big Housing Build.

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What is Homes Victoria affordable?

Homes Victoria is delivering 2,400 affordable rental homes in response to the growing gap in housing affordability as part of the landmark $5.3 billion Big Housing Build

Homes Victoria affordable is creating a unique alternative to the private rental market to help low to moderate income Victorian renters get access to high quality and secure housing at an affordable rent.

Under the program, rents in metropolitan Melbourne are set at least 10 per cent below the area’s median market rent, with the added protection of a cap set at 30 per cent of the median income. 

Fixed-term rental agreements of three years ensure that all homes start affordable and stay affordable. 

Homes will be located close to shops, transport and workplaces, with locations across Victoria. More properties will be made available over 2023 and 2024. 

When applying, please note that homes do not currently qualify for Commonwealth Rent Assistance under the current Commonwealth Government policy.

Who is eligible?

To be eligible for a Homes Victoria affordable home, you must meet all the below criteria:

  • Your income falls under the gross income threshold but is not so low you would be put into rental stress (defined as spending more than 30% of your gross household income on rent)
  • 18 years or older
  • able to live independently (with little to no support) and
  • able to look after the property and meet the requirements of their lease.
  • You are an Australian citizen or permanent resident  
  • You currently live in Victoria
  • You do not own residential or commercial property.

Learn more about eligibility and how to apply for a Homes Victoria affordable home.

Apply now for available properties 

Once you hit the ‘Apply Now’ button, you will see our current property listings. You can click on the homes you are interested in, then apply via the Snug portal.  

Properties available soon

All property related enquiries can be sent to our property manager Victorian Affordable Rentals consortium at varc@nahc.org.au

Sign up for Homes Victoria affordable updates to be notified when new homes become available.

Our commitment to you

All Homes Victoria affordable homes across Victoria start affordable and stay affordable.

This means:

  • Rents will never be more than market rent with the added protection of a cap set at 30 per cent of a median income. 
  • A 3-year lease, with the ability for eligible renters to extend their lease for a further 3 years. 
  • Rent will be increased annually, but no more than 5 per cent.
  • All eligible applicants have an equal chance of being offered an affordable home through our ballot process.

High quality, cost effective and comfortable

  • All homes will be built to modern design standards and meet a minimum 6-star NatHERS energy rating.  
  • All homes aim to achieve a minimum silver standard of liveability for accessibility to and within the property, supporting people with additional needs.  
  • All homes will also be built to modern residential standards, including landscaping and an urban design that complements the local neighbourhood. 
  • Homes are cheaper to heat and cool and provide year-round thermal comfort thanks to environmentally efficient design and the use of green renewable energy.
  • On sites we’ve developed, including Ascot Vale and Ashburton, Homes Victoria is implementing innovative energy initiatives to provide renters with the very best energy deal in the market powered by 100% renewable energy – reducing our carbon footprint and energy costs for renters.