Ripon electorate
Ms STALEY (Ripon) (12:52): (2043) My question is to the Treasurer. Will the Treasurer consider expanding the HomesVic shared equity initiative to assist older Victorians in country towns to access suitable housing? I have a number of constituents who own their own homes, but their homes are not worth enough to buy into a retirement village and because they are elderly they cannot get a mortgage. I am wondering whether there is an opportunity under this scheme to expand it in a way that would allow them to have some sort of reverse mortgage, effectively, to get them into housing that is more suitable for them as they age. We have a number of people that live in pretty substandard housing, but they do own it. And this to me seems one way that we could perhaps get people in country towns into better accommodation. Thank you.