Victorian Treasurer Tim Pallas has announced that Black Rock and Vanguard will sponsor the Victorian Government Home Equity Sharing program.
The move comes off the back of AHPRA raising the mortgage assessment buffer and record low interest rates in EZFKA. The program will allow the state government to purchase part of your mortgage, with a view to taking all of it as 2030 draws closer.
“This truly is an historic partnership with the world’s biggest duopoly – Equity, Mate is now Great Reset, Mate,” Pallas said.
“We’ve just spent the last 18 months bankrupting everyone with complete bullshit to the point of being unable to pay your mortgage. So, here we come with the prepared solution and this is how we’ll get your house, I mean, help realise the Aussie dream.”
“I’d like to thank both Jane Halton and Brett Sutton for helping this become a reality. You truly will own nothing and will be happy.”
Federal Treasurer Josh Frydenberg supported the move and offered to pull the financial rug out whenever necessary.