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,
  • A reduction of duty for eligible first home buyers.

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 2012 (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 2012 (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.

SRO Launches iPhone Application For First Home Buyers

The State Revenue Office (SRO) has developed Australia's first iPhone application which allows Victorians to see how much they are eligible to claim in first homebuyer benefits.

The SRO Mobile application - designed by the SRO's IT specialists - allows first home buyers to access important information while house-hunting.

By downloading the free 'SRO Mobile' application from the Apple App Store, you can quickly see if you are eligible to receive the First Home Owner Grant (FHOG), the Victorian Government's First Home Bonus and the Regional Bonus. The application will also automatically calculate how much you may be eligible to receive from the government.

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 2012)
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 2012, 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 16/01/2012
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