Daniel Andrews (Victorian government) has officially endorsed the great reset.
(media.communities.win)
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It definitely looks like a duck but I’ll wait to hear more details before passing judgement
Theyre only offering up to 25% of the home and presumably there is an exit strategy in place
Any lender whatsoever would want a stake in the subject property or enough collateral to cover their interest and so it’s not unreasonable to expect partial ownership of the property during the payback phase
It’s the details of the agreement that will tell the true story
I live in Victoria and considered getting this fund. There are options to pay the government out early. There are yearly requirements to meet though such as house upkeep and you can't renovate without permission. It sounds good but it's the Victorian government. My wife and I got excited because it's so hard to get a first home here, but I do not trust the government with their ties to China.