PHOTO: The aim of the scheme was to boost private home ownership levels among young people struggling to save all their home loan deposit. Source: Supplied.

THE Queensland government has expressed interest in a pilot program that will pay for a quarter of the cost of first homes to beat housing affordability woes.

Deputy Premier and Treasurer Jackie Trad told The Courier-Mail that Queensland would track the outcomes of the Victorian government’s HomesVIC shared equity scheme – an initiative that industry watchers believe deserves widespread adoption.