• First Home Buyers

    Before you buy your first home, here are some essential facts you need to know.

    1. You can receive up to $20,000 with the FHOG

    If you are buying or building a new home valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG). If you are eligible for the FHOG and the home you are buying is in regional Victoria, you will receive $20,000. If the home is not in regional Victoria, the grant is $10,000.  

    2. You pay stamp duty on your purchase

    When you buy your home, you’ll most likely have to pay land transfer duty (otherwise known as stamp duty). How much you pay depends on your property’s value, what you’re using it for, if you are a foreign purchaser, and whether you are eligible for any exemptions or concessions.

    3. There are exemptions and concessions

    You may be eligible for – and receive – more than one exemption, concession or reduction from stamp duty for your property. In Victoria, these include:

    Please refer to our comprehensive comparison table to understand the differences between our most common grants and concessions/benefits when buying your first home.

    Additionally, as the ongoing owner of a property in Victoria, you may also have to pay various annual taxes and levies, such as the 0.5 per cent absentee owner surcharge.

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