Victoria

Victorian First Home Owner Grant – essential information

A $10,000 grant to support first-time home buyers.

The First Home Owner Grant is a $10,000 payment to help eligible first home buyers buy or build a new home in Victoria. Your first new home can be any type of residential property: a house, townhouse, apartment or unit. You just have to live in it as your home.

Most people apply through an approved agent, such as your bank or credit union. But you can apply with us within 12 months of settlement or completion of the build if an approved agent is not lodging for you.

Eligible property types 

The grant applies to properties in Victoria that are: 

• worth up to $750,000 (for off-the-plan purchases, this refers to the contract price)
• new and not previously sold, occupied as a home, leased out or used for short-term accommodation (includes substantially renovated homes or homes built to replace demolished ones)
• used as the applicant’s principal place of residence
• purchased or built under a contract signed on or after 1 July 2013.

Applicant eligibility

Anyone who will be named on the property’s title must be listed as a First Home Owner Grant applicant.

If you have a spouse or partner, you must also include their details on the application, even if they will not be on the property’s title. You must consider their details when you answer the eligibility questions.

To qualify, all applicants must be:

• natural persons (not a company or trust)
• at least 18 years of age at settlement or completion of construction.

At least one applicant must:

• be an Australian citizen or permanent resident at the relevant date:
  • For purchasing a new home: the date of possession (usually settlement).
  • For new builds: the date the home is ready for occupation.

More Information:

https://www.sro.vic.gov.au/buying-property/first-home-owner-grant