First Home Owner Grant Update:
The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent (lender’s criteria apply). For more information and to apply, click the link to the First Home Loan Deposit Scheme (FHLDS) website and/or download the Fact Sheet.
Link to FHLDS website https://www.nhfic.gov.au/what-we-do/fhlds/
First Home Owner Grant changes for regional Victoria
The First Home Owner Grant (FHOG) has been increased from $10,000 to $20,000 for new homes built in regional Victoria and valued up to $750,000.
This applies for contracts signed from 1 July 2017 to 30 June 2020.
Eligible first-home buyers of new homes in metropolitan Melbourne will continue to receive the $10,000 FHOG.
Firstly what is a new home?
A new home includes:
- A newly built home,
- An existing property being sold for the first time as a new residence,
- House and Land Package
- Vacant land on which you will build a new home.
All first-home buyers in metropolitan Melbourne and regional Victoria must meet all FHOG eligibility criteria.
6. Who qualifies?
You will qualify if:
- You purchase or build a new home in regional Victoria,
- Your contract is signed on or after 1 July 2017 and no later than 30 June 2020
- You meet all the other eligibility criteria.
Owner builders who start building their home wholly in regional Victoria between 1 July 2017 and 30 June 2020 who meet all other FHOG eligibility criteria also qualify.
How to apply:
|Municipal councils A-G||Municipal councils G-M||Municipal councils M-Y|
|Alpine Shire Council||Greater Geelong City Council||Murrindindi Shire Council|
|Ararat Rural City Council||Greater Shepparton City Council||Northern Grampians Shire Council|
|Ballarat City Council||Hepburn Shire Council||Pyrenees Shire Council|
|Bass Coast Shire Council||Hindmarsh Shire Council||Borough of Queenscliffe|
|Baw Baw Shire Council||Horsham Rural City Council||South Gippsland Shire Council|
|Benalla Rural City Council||Indigo Shire Council||Southern Grampians Shire Council|
|Buloke Shire Council||Latrobe City Council||Strathbogie Shire Council|
|Campaspe Shire Council||Loddon Shire Council||Surf Coast Shire Council|
|Central Goldfields Shire Council||Macedon Ranges Shire Council||Swan Hill Rural City Council|
|Colac Otway Shire Council||Mansfield Shire Council||Towong Shire Council|
|Corangamite Shire Council||Mildura Rural City Council||Wangaratta Rural City Council|
|East Gippsland Shire Council||Mitchell Shire Council||Warrnambool City Council|
|Gannawarra Shire Council||Moira Shire Council||Wellington Shire Council|
|Glenelg Shire Council||Moorabool Shire Council||West Wimmera Shire Council|
|Golden Plains Shire Council||Mount Alexander Shire Council||Wodonga City Council|
|Greater Bendigo City Council||Moyne Shire Council||Yarriambiack Shire Council|