First Home Owners Grant Victoria

First Home Owners Grant, Victoria, Australia

If you are buying or building a new home valued up to $750,000, you may be eligible for the First Home Owner Grant (FHOG) of up to $10,000.

If you are buying or building a new home, you may be eligible for the FHOG ($10,000) if you signed your contract on or after 1 July 2013.

Established homes are no longer eligible to receive the FHOG.

http://www.sro.vic.gov.au/first-home-owner

Older FHOG system (no longer applicable)

The First Home Owners Grant provides eligible first home buyers with a $7,000 grant.  This is a National scheme, administered by the Victorian State Government.

• Contracts signed up to 31st December 2009
  • No Means test
  • No Property Value Restriction
• Contracts signed on or after 1st January 2010
  • No Means test
  • Not available for properties over $750,000

First Home Owners Bonus

The First Home Owners Bonus is a State grant, and may have conditions that are different to the Federal Grant.

• Contracts signed between 1st July 2010 and 30th June 2011
  • Must be eligible for the First Home Owner Grant
  • Not available for properties over $600,000
  • An additional payment of $13,000 for new homes, or
  • An additional payment of $16,500 for new homes in a specified regional municipality in Victoria.
• Contracts signed between 1st July 2009 and 30th June 2010
  • Must be eligible for the First Home Owner Grant
  • An additional payment of $11,000 for new homes, or
  • An additional payment of $15,500 for new homes in a specified regional municipality in Victoria.

Source: www.sro.vic.gov.au

First Home Owners Boost

• The First Home Owner Boost ended on 31st December 2009.