Overview

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 Scheme (the Boost) is an Australian Government initiative to assist first home buyers purchase or build their first home. The scheme is administered by the Victorian Government (State Revenue Office) and is in addition to the $7,000 First Home Owner Grant.

For contracts entered into between 14 October 2008 and 30 September 2009, the Boost provides first home buyers with:

  • an extra $7,000 for buying an established home
  • an extra $14,000 for buying or building a new home

For contracts entered into between 1 October 2009 and 31 December 2009, the Boost provides first home buyers with:

  • an extra $3,500 for buying an established home
  • an extra $7,000 for buying or building a new home

Eligibility criteria

To be eligible to receive the Boost, first home buyers must satisfy the eligibility requirements for both the existing First Home Owner Grant and the additional Boost requirements.

How do I apply for the First Home Owner Boost?

False claims and penalties

There are substantial penalties for knowingly making false or misleading statements when making an application for the first home benefits.

The SRO conducts investigations and compliance checks to ensure First Home Owner Grant and Boost benefits are only given to applicants entitled to receive them.

The SRO audits applications with current and historical data held by other State and Territory agencies and commercial organisations.

Other First Home Owner Initiatives

In addition to the First Home Owner Grant and the Boost, the Victorian Government provides a:


Further Information

First Home Owner Grant Act 2000

Useful Resources
This document was last reviewed on 3/08/2010
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