Thinking about buying or building your first home in Victoria?
The First Home Owner Grant (FHOG) is a one-off, tax-free payment from the government to help first-time buyers with the cost of a new home. In Victoria, the grant is $10,000 for eligible applicants.
In this guide, you’ll find out who qualifies, what counts as a new home, and how to combine the FHOG with other first-home buyer schemes to get the most value.
Use our calculator to quickly find out if you qualify for the Victoria FHOG.
Disclaimer: Please note that we’ve assumed that you’ve met standard first home buyer criteria.
If you’re eligible for the FHOG VIC, Home Loan Experts can help you apply for the FHOG and throughout your buying process. Call us on 1300 889 743 or enquire online to talk to one of our specialist mortgage brokers.
However, if you’re still deciding, continue reading.
Who’s Eligible For The FHOG In Victoria?
To qualify for the $10,000 First Home Owner Grant in Victoria, you must meet all of the following criteria:
- You’re at least 18 years old.
- You’re an Australian citizen or permanent resident.
- You or your spouse/partner must not have previously received an FHOG anywhere in Australia.
- The total value of the home (or land and build) must be $750,000 or less.
- You’re buying or building a brand-new home that meets the property eligibility requirements.
- You (and your spouse/partner) have never owned residential property in Australia before 1 July 2000, or if you bought property on or after that date, you must not have lived in it as your home.
- You’ll live in the property as your principal place of residence for at least 12 months, starting within 12 months of settlement or completion.
Note: These criteria apply even if your spouse or partner is not an applicant with you for the FHOG.
Source: State Revenue Office (SRO)
How To Apply For The FHOG In Victoria
Most first-home buyers apply for the FHOG through their mortgage broker or lender as part of the home loan process. This is only possible if the lender is an approved agent of the State Revenue Office.
Alternatively, you can apply directly to the SRO. Direct applications are usually for buyers who are not using an approved lender. You can only apply after taking possession of your home, or once construction starts if you’re building.
If you’re applying through an approved lender, the process is straightforward. Your broker or lender will help you complete the FHOG application alongside your home loan paperwork. You’ll need to provide supporting documents such as proof of identity, a copy of your contract of sale or building contract, and evidence that you intend to live in the home.
We take care of the FHOG application for you when you apply through us, so there’s one less thing to worry about. Complete our free online assessment form or call us on 1300 889 743 to get started.
When Does The First Home Owners Grant Get Paid in VIC?
The timing of your FHOG payment in Victoria depends on whether you’re buying or building, and how you apply.
- If You’re Buying a New or Off-the-Plan Home
- Through an approved agent: The grant is paid at settlement.
- Applying directly to the SRO: The grant is paid after settlement, following review of your application within 10 working days.
- If You’re Building a Home (Contract to Build)
- Through an approved agent: The grant is paid at the first progress payment.
- Applying directly to the SRO: It’s paid after the Certificate of Occupancy is issued, with the application reviewed within 10 working days.
- If You’re an Owner-Builder
- Application must be made directly to the SRO: The FHOG is paid after the Certificate of Occupancy is issued, with the application reviewed within 10 working days.
First Home Owner Grant VIC Calculator
Our First Home Owners Grant (FHOG) calculator is designed to work out which government benefits such as grants and stamp duty exemptions that you may be eligible for.
FHOG For Regional Victoria 2021
The $20,000 regional First Home Owner Grant ended on 30 June 2021. However, it is still available on contracts entered into from 1 July 2017 through 30 June 2021. This means the Victorian Government will still provide a $20,000 grant to those first home buyers purchasing or building new properties in regional Victoria up to the value of $750,000.
If you entered into a contract to buy or build a new home in regional Victoria after 30 June 2021, you may be eligible for the $10,000 FHOG.
You can read more about this on the Victorian State Revenue Office website here.
First Home Owners Grant VIC Eligibility
To be eligible for the First Home Owners Grant in VIC, there are a few rules you need to follow, which are:
You or your spouse/partner must not have previously received an FHOG anywhere in Australia.
- You must not have owned a home or other residential property in Australia, either jointly or separately, prior to 1 July 2000. However, you may still be eligible for the FHOG if you or your spouse/partner bought property on or after 1 July 2000 but have not lived there as your home.
- You must live in the home for at least 12 months within 12 months of settling on the property or from when the home is fully built. Defence personnel are exempt from this residency requirement.
- You must be aged 18 or over and be either an Australian citizen or permanent resident by the time you settle or when the home is ready to be occupied.
- You must apply as an individual and not as a company or a trust.
Note: These criteria apply even if your spouse/partner is not an applicant with you for the FHOG.
Can a couple both get first home buyers grants?
Unfortunately, no. Even if you and your partner/spouse are both eligible, only one person will be granted the first home buyers grant.
Do First Home Buyers Pay Stamp Duty In Victoria?
Stamp duty concessions are available to first homeowners in Victoria whether you buy an established home or a newly built home.
As long as the property is valued below $600,000, first home buyers in Victoria don’t pay stamp duty at all. If you pay between $600,000 and $750,000 for your first home, you may still be eligible for concessions on stamp duty.
Note: To be eligible for stamp duty exemptions or concessions, you must have entered into a contract of sale to buy your first home on or after 1 July 2017.
Victorian Home Buyer Fund: A Shared Equity Scheme
The Victorian Homebuyer Fund, which is budgeted at $500 million, is a shared equity scheme that allows eligible first home buyers to purchase a home in Victoria with a deposit as low as 5%.
The scheme was extended beyond 30 June 2025 and will remain open until the government’s $2.8 billion investment is fully allocated. It will then be replaced by the federal Help to Buy program.
The Victorian government will contribute up to 25% of the purchase price, whereas, first home buyers will be able to take out a loan that is worth 70% of the property value. However, the government shall retain its stake in your property until you sell it or buy out the state’s share.
House Price | Your Contribution | VIC Government’s Contribution | Borrowing From Lender |
---|---|---|---|
100% | 5% | 25% | 70% |
$400,000 | $20,000 | $100,000 | $280,000 |
The caveat is that, as the government owns 25%, if the property’s valuation increases to $500,000 in five years, you will have to pay $125,000 to buy back the 25% from the government.
The eligibility criteria are as follows:
- You are an Australian citizen or permanent resident
- You are at least 18 years old at the time of settlement
- You have saved a deposit of at least 5%.
- Your gross annual income is $125,000 or less (for individuals) or $200,000 or less for joint applicants.
- You are buying the property as a principal place of residence.
- You must become a registered owner of the property you’re buying.
- Your property must remain insured. You will need to provide a certificate of currency during each annual review period.
You can read more about the Victorian Home Buyer Fund here.
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Start Your Free AssessmentFAQs
How Much Is The First Home Owners Grant VIC?
The FHOG for Victoria is worth $10,000 if you build/buy eligible properties in Victoria.
What Other Benefits Are Available For First-Home Buyers In Victoria?
Can You Get A First Home Owners Grant On Existing Homes?
Can You Use The First Home Owners Grant As A Deposit?
Can New Zealand citizens get the First Home Owners Grant?
What Are The Rules For The First Home Owner Grant In Victoria?
What Is The 25% First-home Buyer Scheme In Victoria?
What Is The Maximum Income For The First Home Owner Grant In Victoria?
Can A Couple Both Get The First Home Buyers Grants?
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