FIRST HOME BUYERS GRANT

 

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

$0

$0

$7,000

Newly constructed homes in

Metropolitan Victoria only

$7,000#

$0

$13,000*

$0

$20,000

Newly constructed homes in

Regional Victoria only

$7,000#

$0

$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 2011, to qualify for the Bonus,

the value of the property must not exceed $600,000