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Victoria First Home Owners Grant

Victoria - Overview

If you are a first home owner you may be entitled to receive one or more of the following:

  • First Home Owner Grant (the Grant),

  • First Home Bonus (the Bonus),

  • First Home Owner Boost (the Boost) (for contracts entered into on or after 14 October 2008 and before 1 January 2010).

  • A regional bonus First Home Owner Grant

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 Bonus

1 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 Bonus

1 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 Boost

Please 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)

  •    an extra $3500 to first home buyers who purchase an established home; and
  •   an extra $7000 to first home buyers who build a new home or purchase a newly constructed home.

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.


The tables below set out the different amounts that first home buyers in Victoria may be eligible for:

The information in these tables is to be used as a guide only.

 

Contract Date (1 July 2010 - 30 June 2011)

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.

Contract Date (1 January 2010 - 30 June 2010)

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.

Contract Date (1 October 2009 - 31 December 2009)

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)

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)

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)

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)

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
This document was last reviewed on 6/08/2010
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