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  Privacy and Security Guaranteed.
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Victoria - OverviewIf you are a first home owner you may be entitled to receive one or more of the following:
The First Home Owner Grant provides eligible first home buyers with a $7000 grant. 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. First Home Bonus1 July 2010 to 30 June 2011 (contract date)If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $13,000 (for new homes only), known as the First Home Bonus (the Bonus). To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000. 1 July 2009 to 30 June 2010 (contract date)If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only). To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000. 1 January 2007 to 30 June 2009 (contract date)If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only). To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000. Regional Bonus1 July 2010 to 30 June 2011 (contract date)For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $6,500 regional bonus is also available (in addition to the $13,000 bonus). 1 July 2009 to 30 June 2010 (contract date)For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 regional bonus is also available (in addition to the $11,000 bonus). 6 May 2008 to 30 June 2009 (contract date)For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 regional bonus is also available (in addition to the $5000 bonus). First Home Owner BoostPlease Note: The First Home Owner Boost ceased to apply for contracts entered into on or after 1 January 2010. The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7000. The Boost provides: 1 October 2009 to 31 December 2009 (contract date)
14 October 2008 to 30 September 2009 (contract date)* an extra $7000 to first home buyers who purchase an established home; and* an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home. |
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Contract Date (1 July 2010 - 30 June 2011) |
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|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | First Home Bonus | First Home Owner Regional Bonus | Total |
| Established homes only | $7,000# | $0.00 | $0.00 | $7,000 |
| Newly constructed homes in Metropolitan Victoria only | $7,000# | $13,000* | $0.00 | $20,000 |
| Newly constructed homes in Regional Victoria only | $7,000# | $13,000* | $6,500* | $26,500 |
| #For
contracts entered into after 1 January 2010, to qualify for the Grant,
the price of the property or construction of the home must not exceed
$750,000. *For contracts entered into between 1 July 2009 to 30 June 2011, to qualify for the Bonus, the value of the property must not exceed $600,000. |
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Contract Date (1 January 2010 - 30 June 2010) |
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|---|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | First Home Bonus | First Home Owner Regional Bonus | Total | |
| Established homes only | $7,000# | $2,000* | $0.00 | $9,000 | |
| Newly constructed homes in Metropolitan Victoria only | $7,000# | $11,000* | $0.00 | $18,000 | |
| Newly constructed homes in Regional Victoria only | $7,000# | $11,000* | $4,500* | $22,500 | |
| *For
contracts entered into between 1 July 2009 to 30 June 2010, the value
of the property must not exceed $600,000. #For contracts entered into after 1 January 2010, the price of the property or construction of the home must not exceed $750,000. |
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Contract Date (1 October 2009 - 31 December 2009) |
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|---|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | New First Home Owner Boost | First Home Bonus | First Home Owner Regional Bonus | Total |
| Established homes only | $7,000 | $3,500 | $2,000* | $0.00 | $12,500 |
| Newly constructed homes in Metropolitan Victoria only | $7,000 | $7,000 | $11,000* | $0.00 | $25,000 |
| Newly constructed homes in Regional Victoria only | $7,000 | $7,000 | $11,000* | $4,500* | $29,500 |
| *For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000. | |||||
Contract Date (1 July 2009 - 30 September 2009) |
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|---|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | New First Home Owner Boost | First Home Bonus | First Home Owner Regional Bonus | Total |
| Established homes only | $7,000 | $7,000 | $2,000* | $0.00 | $16,000 |
| Newly constructed homes in Metropolitan Victoria only | $7,000 | $14,000 | $11,000* | $0.00 | $32,000 |
| Newly constructed homes in Regional Victoria only | $7,000 | $14,000 | $11,000* | $4,500* | $36,500 |
| *For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000. | |||||
Contract Date (14 October 2008 - 30 June 2009) |
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|---|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | New First Home Owner Boost | First Home Bonus | First Home Owner Regional Bonus | Total |
| Established homes only | $7,000 | $7,000 | $3,000# | $0.00 | $17,000 |
| Newly constructed homes in Metropolitan Victoria only | $7,000 | $14,000 | $5,000# | $0.00 | $26,000 |
| Newly constructed homes in Regional Victoria only | $7,000 | $14,000 | $5,000# | $3,000# | $29,000 |
| #For contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000 | |||||
Contract Date (6 May 2008 - 13 October 2008) |
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|---|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | First Home Bonus | First Home Owner Regional Bonus | Total | |
| Established homes only | $7,000 | $3,000# | $0.00 | $10,000 | |
| New homes in Metropolitan Victoria only | $7,000 | $5,000# | $0.00 | $12,000 | |
| New homes in Regional Victoria only | $7,000 | $5,000# | $3,000# | $15,000 | |
| #For contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000 | |||||
Contract Date (1 January 2007 - 5 May 2008) |
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|---|---|---|---|---|
| Conditions | First Home Owner Grant (FHOG) | First Home Bonus | First Home Owner Regional Bonus | Total |
| Established homes only | $7,000 | $3,000# | $0.00 | $10,000 |
| New homes only | $7,000 | $5,000# | $0.00 | $12,000 |
| #For contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000 | ||||
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review and approval. Properties and vehicles securing all loans must be located in Australia. |
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