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.
1. What is the $20,000 FHOG?
The First Home Owner Grant (FHOG) is a $10,000 payment available to eligible first-home buyers who buy or build their new home valued up to $750,000.
There is an increased $20,000 payment for first-home buyers who buy or build their new home valued up to $750,000 in regional Victoria.
2. 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,
- A land and building package, or
- 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 wholly in regional Victoria,
- Your contract is signed on or after 1 July 2017 and no later than 30 June 2020, and
- 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.
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