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First Home Owners Grant
Victoria
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First Home Loan Deposit Scheme - 5% min deposit. Purchase price capped at $800,000 (Capital City/Regional Centre) and $650,000 (Rest of State).

First Home Super Saver Scheme - Salary sacrifice up to $15,000 per financial year up to a total of $50,000 across all years.

First Home Owners Grant - $10,000 when you buy or build a new home valued up to $750,000.

 

Stamp/Transfer Duty Concessions or Waivers

First Home Buyer Duty Exemption - Dutiable value must not exceed $600,000 to be exempt. Concession on homes valued between $600,000 and $750,000.

First Home Buyer Duty Reduction - The dutiable value must be more than $130,000 but not exceed $600,000.

Principal Place of Residence Duty Concession - The dutiable value must be more than $130,000 but not exceed $550,000.

Homebuyer Fund - If you have a 5% deposit, the Victorian Government could contribute up to 25% of the purchase price in exchange for an equivalent share in the property.

 

First Home Owners Grant - Additional Information

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