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What is Homes Victoria Affordable?
As part of Homes Victoria’s Big Housing Build and Regional Housing Fund, we’re helping everyday Victorians access high quality and stable housing at a more affordable rent.
Rents for Homes Victoria Affordable homes in metropolitan Melbourne are set at least 10% below the area’s median market rent, with an added protection of a cap set at 30% of the median income.
Homes Victoria Affordable homes are also rented under 3 year fixed-term rental agreements to give renters more security.
There are Homes Victoria Affordable properties in Kensington, Ashburton, Ascot Vale, Blackburn, Cheltenham, Heidelberg West, Hawthorn and Coburg. More properties will be made available throughout 2025.
These homes do not currently qualify for Commonwealth Rent Assistance under the 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.