First Home Buyers

The FHOG is available to first home buyers purchasing or building a new home valued up to $750,000 in Victoria. You must be an Australian citizen or permanent resident, over 18, and not have previously owned property in Australia. The grant is currently $10,000 for eligible purchases.

First home buyers in Victoria may be exempt from stamp duty on properties valued up to $600,000, with a sliding concession for properties valued between $600,001 and $750,000. This applies to both new and established homes. The savings can be substantial, potentially up to $31,070.

The Home Guarantee Scheme allows eligible first home buyers to purchase a property with as little as a 5% deposit without paying lenders mortgage insurance. The government guarantees the remaining deposit amount. We can guide you through the process and coordinate with your lender.

The FHOG application is typically submitted through your lender as part of the settlement process. We prepare the necessary statutory declarations and ensure all documentation is in order so your application is processed without delay.

First home buyers should pay particular attention to special conditions, settlement timelines that align with finance approval, building and pest inspection clauses, and any unusual terms. We review every contract with first-time buyers in mind and explain everything in plain language so you understand your obligations.

No, the Victorian FHOG applies only to new homes, including newly built homes, off-the-plan purchases, and owner-builder constructions. However, first home buyers purchasing established properties can still access stamp duty concessions, which can save you tens of thousands of dollars.