First Home Owners Grant
The Victorian Government’s First Home Owner Grant Scheme makes it more affordable for first home buyers to get into the home of their dreams.
Applying for the First Home Owners Grant
As a first time home owner you may be eligible for the Victorian Government’s First Home Owner Grant. The grant makes it easier for you to get into the property market and start to benefit from land and property value growth.
Applying for the First Home Owners Grant can be a complicated process, we’ll guide you step-by-step and answer any questions you might have.
How will I know if I’m eligible for the First Home Owners Grant?
The State Revenue Office of Victoria has certain criteria to ensure that you are eligible to receive the First Home Owners Grant. Please read about your Eligibility to Receive the Grant on the SRO website.
How much is the First Home Owners Grant?
“For contracts entered into on or after 1 July 2013 to build or purchase a new home, a payment of up to $10,000 is available for eligible first home buyers. For contracts entered into prior to 1 July 2013, a payment of up to $7000 is payable to eligible first home buyers. This grant is not means-tested nor is it restricted by the price of the property for contracts entered into prior to 1 January 2010.
For contracts entered into on or after 1 January 2010, the grant will only be payable where the price of the property or construction of the home does not exceed $750,000. An exception to this requirement is where the contract relates to a home that is on, or to be built on, primary production land.” – as of July 1st 2013.
For the most up-to-date information please see the First Home Owners section on the State Revenue Office’s website.
When will the Grant be paid?
When the grant is paid varies depending on whether you’re buying a newly built home, you’re building from scratch, or buying off the plan. Read more on the SRO website: When Will the Grant Be Paid?
Need more information about the First Home Owner Grant?
Want to know more about how the First Home Owners Grant affects the purchase of your new home? See First Home Owner Grant FAQs on the SRO website.
Or for more information enquire now or call 1300 978 051 to speak to one of our First Home Buyer Specialist Sales Consultants.