First Home Owners Grant Information
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).
- A regional bonus
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.
The Grant is an on-going scheme.
First Home Bonus
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), 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.
Regional 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
The tables below set out the different amounts that first home buyers in Victoria
The information in this table is to be used as a guide only.
Contract Date (1 January 2010 - 30 June 2010)
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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 |
$0.00 |
$2,000* |
$0.00 |
$9,000 |
|
Newly constructed homes in Metropolitan Victoria only |
$7,000 |
$0.00 |
$11,000* |
$0.00 |
$18,000 |
|
Newly constructed homes in Regional Victoria only |
$7,000 |
$0.00 |
$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. |
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For more information please go to: http://www.sro.vic.gov.au/sro/SROnav.nsf/LinkView/B82157FB72EC77C8CA2575CA00826CDD6BF180369BCB3975CA2575A1004420CF
