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First Home Owner Grant Victoria

The grassy backyard of a newly-built home in the suburbs of Melbourne, complete with back deck and shaded area.

If you live in Victoria and are looking to buy your first home, then don't overlook the First Home Owners Grant (FHOG). 

The FHOG is available for those purchasing a newly-built home, offering a lump-sum payment you can put towards your first property. 

How much is the First Home Owner Grant in Victoria?

The First Home Owner Grant in Victoria is worth $10,000. 

A map of Victoria with details about the First Home Owner Grant

Who is eligible for the First Home Owner Grant in Victoria?

If you are a first home buyer in Victoria, purchasing a newly-built home valued up to $750,000, you may be eligible for the $10,000 FHOG. 

Other eligibility requirements include: 

  • You must not have previously received a FHOG in any other state or territory of Australia. 
  • You must not have owned (or partly owned) residential property where you lived in Australia on or after 1 July 2000.
  • You intend to move into your new property within 12 months of the sale and use it as your principal place of residence (PPOR) for at least 12 months. 
  • You must be at least 18 years of age. 
  • You must be an Australian citizen or permanent resident.

(Other eligibility criteria may apply).

Note: You may still be eligible for the grant if you or your partner purchased property on or after 1 July 2000 and did not live on the premises as your main residence. Also, your spouse/partner must be in the FHOG application even if they will not be on the property’s title.

How to apply for the First Home Owner Grant in Victoria?

In most cases, the lender you've used to get a home loan can lodge your FHOG application on your behalf. Otherwise, you can lodge it through the Victorian government's State Revenue Office (SRO) website. 

What other first home buyer grants or schemes are available in Victoria?

Stamp duty relief 

  • A transfer duty exemption for new homes valued up to $600,000
  • A concessional transfer duty rate for new homes valued between $600,001 and $750,000. 

Victorian Homebuyer Fund

The Homebuyer Fund could allow those with a 5% deposit to purchase a property, of which the Victorian government will contribute up to 25% of the purchase price.

How do I apply for the first home owner's grant in other states or territories?

Home loan comparisons on Mozo - last updated 26 May 2024

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  • First Home Buyer Loan Special

    Owner Occupier, Principal & Interest

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    Initial monthly repayment
    5.90% p.a. variable
    5.93% p.a.

    A low variable rate loan for home buyers. No establishment or ongoing fees to pay. 100% offset account included. Allows for unlimited repayments, redraws and flexible repayment options.

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  • Basic Home Loan Special Offer

    Owner Occupier, Principal & Interest, LVR 80-95%

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    6.69% p.a. variable
    6.70% p.a.

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  • FHBG Special Offer Classic Home Loan

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    6.19% p.a. variable
    6.21% p.a.

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  • Basic Variable Home Loan

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    interest rate
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    Initial monthly repayment
    5.94% p.a. variable
    5.99% p.a.

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  • First Home Buyer Variable Home Loan

    Advantage Plus, Owner Occupier, Interest Only, LVR >90%

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    5.99% p.a. variable
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Jack Dona
Jack Dona
RG146
Money writer

Jack is RG146 Generic Knowledge certified, with a Bachelor of Communications in Creative Writing from UTS, and uses his creative flair to cut through the financial jargon and make home loans, insurance and banking interesting. His reader-first approach to creating content and his passion for financial literacy means he always looks for innovative ways to explain personal finance. Jack's research and explanations have been featured in government publications, and his work is regularly featured alongside major publications in Google's Top Stories for Insurance.

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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