Here are the answers to some frequently asked questions about the First Home Owner Grant (FHOG) for regional Victoria.
- What is the new $20,000 FHOG?
- What is a new home?
- What is regional Victoria?
- What are the key dates you need to know?
- What types of home/construction qualify?
- Who will qualify?
The current First Home Owner Grant (FHOG) is a payment of $10,000 available to eligible first-home buyers who buy or build their new home valued up to $750,000.
The new, increased FHOG payment of $20,000 is for first-home buyers who buy or build their new home valued up to $750,000 in regional Victoria.
A new home includes:
- A newly built home,
- An existing property which is being sold for the first time as a new residential premises,
- A land and building package, or
- Vacant land on which you will build a new home
Eligible first-home buyers in metropolitan Melbourne will continue to receive the $10,000 FHOG and other applicable assistance.
All first-home buyers in metropolitan Melbourne and regional Victoria must still meet the other FHOG eligibility criteria.
This change affects first-home buyers who buy or build a new home on land in the following municipal councils:
|Municipal councils A-G||Municipal councils G-M||Municipal councils M-Y|
|Alpine Shire Council||Greater Geelong City Council||Murrindindi Shire Council|
|Ararat Rural City Council||Greater Shepparton City Council||Northern Grampians Shire Council|
|Ballarat City Council||Hepburn Shire Council||Pyrenees Shire Council|
|Bass Coast Shire Council||Hindmarsh Shire Council||Borough of Queenscliffe|
|Baw Baw Shire Council||Horsham Rural City Council||South Gippsland Shire Council|
|Benalla Rural City Council||Indigo Shire Council||Southern Grampians Shire Council|
|Buloke Shire Council||Latrobe City Council||Strathbogie Shire Council|
|Campaspe Shire Council||Loddon Shire Council||Surf Coast Shire Council|
|Central Goldfields Shire Council||Macedon Ranges Shire Council||Swan Hill Rural City Council|
|Colac Otway Shire Council||Mansfield Shire Council||Towong Shire Council|
|Corangamite Shire Council||Mildura Rural City Council||Wangaratta Rural City Council|
|East Gippsland Shire Council||Mitchell Shire Council||Warrnambool City Council|
|Gannawarra Shire Council||Moira Shire Council||Wellington Shire Council|
|Glenelg Shire Council||Moorabool Shire Council||West Wimmera Shire Council|
|Golden Plains Shire Council||Mount Alexander Shire Council||Wodonga City Council|
|Greater Bendigo City Council||Moyne Shire Council||Yarriambiack Shire Council|
The date you sign your contract to buy or build your new home is the key date. Settlement date is irrelevant.
The $20,000 FHOG will be applicable to:
- Contracts entered into from 1 July 2017 to 30 June 2020 for the purchase of a new home in a regional area,
- Comprehensive home building contracts entered into from 1 July 2017 to 30 June 2020 by the owner of land wholly in regional Victoria, or a person who on completion of the contract will be the owner of land wholly in regional Victoria, to have a home built on the land, and
- The building of a home wholly in regional Victoria if the building work commences between 1 July 2017 and 30 June 2020 inclusive
If you are entitled to the FHOG but sign a contract for a first home in regional Victoria before 1 July 2017, you will not be eligible for the $20,000 payment. This is even if you settle on or after 1 July 2017. However, you will still be eligible for the $10,000 FHOG.
The eligible transaction can be a contract for:
- The purchase of a new residential premises (which can be a newly built home or premises that are being sold as a new residential premises for the first time),
- A comprehensive home building contract, or
- The construction of a home by an owner builder
You will qualify if:
- You purchase or build a new home wholly in regional Victoria,
- Your contract is signed on or after 1 July 2017 and no later than 30 June 2020, and
- You meet all the other FHOG eligibility criteria
Owner builders who begin building their home wholly in regional Victoria within this 1 July 2017 to 30 June 2020 period and meet all the other FHOG eligibility criteria also qualify.