First Home Owner Grant Victoria
On this page:
- How much is the First Home Owner Grant in Victoria?
- Who is eligible for the First Home Owner Grant in Victoria?
- How to apply for the First Home Owner Grant in Victoria?
- What other first home buyer grants or schemes are available in Victoria?
- How do I apply for the first home owner's grant in other states or territories?
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.
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?
* 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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