The First Home Owner Grant (FHOG) provides $10,000 towards buying or building a new home in Victoria.
This grant can help reduce your upfront costs and bring home ownership closer. However, strict eligibility rules apply, and not every property qualifies.
In this guide, you’ll learn how the First Home Owners Grant Victoria works, who qualifies, how to apply, and what you need to know before buying your first home.
Key Takeaways: First Home Owners Grant Victoria
| Key Information | Details |
| Grant amount | $10,000 |
| Property type | Eligible new homes only |
| Maximum property value | $750,000 |
| Location | Victoria |
| Minimum applicant age | 18 years |
| Citizenship requirement | Meet the applicable Australian citizenship or permanent residency rules |
| Previous property ownership | Must meet the first-home buyer eligibility requirements |
| Residency requirement | Live in the property for at least 12 continuous months |
| Occupancy deadline | Generally, move in within 12 months of settlement or construction completion |
| Established homes | Not eligible for the grant |
| Stamp duty concession | Eligible buyers may also qualify for an exemption or concession |
| First Home Guarantee | May be combined with the grant if eligible |
| Application | Through an approved lender or directly through the SRO, depending on circumstances |
| Repayment | Not required if all eligibility and residency conditions are met |
| Administered by | State Revenue Office Victoria (SRO) |
Key point: The Victorian First Home Owner Grant provides $10,000 for eligible new homes valued at $750,000 or less. You may also qualify for other first-home buyer concessions, potentially reducing your upfront costs further.
What Is the First Home Owners Grant in Victoria?
The First Home Owner Grant (FHOG) is a one-off payment from the Victorian Government. It helps eligible first-home buyers purchase or build a new residential property.
The grant aims to make home ownership more accessible for people entering the property market. You can use the funds to help cover the costs of buying or building your first home.
The Victorian Government currently provides a $10,000 First Home Owner Grant for eligible buyers purchasing or building a new home valued at $750,000 or less.
Unlike a home loan, you don’t need to repay the grant. However, you must meet the government’s eligibility requirements and live in the property as your principal place of residence.
The grant is administered by the State Revenue Office Victoria (SRO), which assesses applications and determines eligibility.
The grant is separate from other Victorian first-home buyer concessions. Depending on your circumstances, you may also qualify for a first-home buyer stamp duty exemption or concession, reducing your upfront costs even further.
How Much Is the First Home Owners Grant in Victoria?
The First Home Owner Grant in Victoria is currently $10,000 for eligible buyers. The amount does not increase based on the property’s purchase price or the number of applicants.
Whether you’re buying a newly built house, purchasing an eligible new apartment, or building your first home, the grant remains the same.
| Property purchase | Potential grant |
| New house valued at $500,000 | $10,000 |
| New apartment valued at $650,000 | $10,000 |
| Newly built townhouse valued at $750,000 | $10,000 |
| Established house valued at $600,000 | Not eligible |
| New home valued at $800,000 | Not eligible |
The property must meet the government’s definition of a new home and satisfy the $750,000 value cap.
For eligible buyers, the grant can help cover expenses such as moving costs, essential household items, or other costs associated with settling into a new home. However, your lender may have rules about how grant funds can be used when calculating your available funds for settlement.
Important: The $10,000 grant is not a deposit guarantee. You must still meet your lender’s deposit, income, credit history, and serviceability requirements.
Who Is Eligible for the First Home Owners Grant in Victoria?
Not every first-home buyer qualifies for the Victorian First Home Owner Grant. You must meet the government’s personal, property, and residency requirements.
The SRO assesses each application against these conditions.
1. You Must Be a First-Home Buyer
You and any co-applicant must meet the government’s previous ownership rules.
Generally, you cannot have previously received a first-home owner grant in Australia. You must also satisfy the applicable rules regarding previous ownership or occupation of residential property.
These rules can affect applicants who owned property jointly, inherited a property, or owned a home overseas. Check your circumstances with the SRO before applying.
2. You Must Meet the Age and Citizenship Requirements
You must be at least 18 years old when you apply for the grant.
You must also meet the citizenship or permanent residency requirements. At least one applicant must be an Australian citizen or permanent resident.
If you’re buying with a partner, both applicants must satisfy the relevant eligibility conditions. The SRO can assess applications involving different citizenship or residency circumstances.
3. Your Property Must Be a New Home
The grant only applies to eligible new homes in Victoria. You cannot claim it for an established property that someone has previously occupied.
Eligible property types may include:
- A newly constructed house that has never been occupied.
- A newly built townhouse that has never been occupied.
- A newly constructed apartment that has never been occupied.
- A home you build under an eligible building contract.
- An eligible owner-builder home.
The property must meet the SRO’s definition of a new home. Simply renovating an established property does not make it eligible.
4. Your Property Must Cost $750,000 or Less
The total value of your eligible new home must not exceed $750,000.
The SRO uses specific valuation rules depending on how you acquire the property. These may include the contract price, the value of the completed home, or the relevant land and building costs.
For example, buying a newly constructed townhouse for $720,000 may satisfy the value cap. However, a qualifying new home valued at $760,000 exceeds the limit.
Remember to check the applicable valuation method before signing your contract.
5. You Must Live in the Property
The grant supports owner-occupiers, not property investors.
You must move into the property within 12 months of settlement or completion, depending on your circumstances. You must then live in the home continuously for at least 12 months.
You cannot purchase an eligible property, claim the grant, and immediately rent it out as an investment.
If exceptional circumstances prevent you from meeting the residency requirement, contact the SRO. You may need to provide supporting evidence.
First Home Owners Grant Victoria Eligibility at a Glance
| Eligibility requirement | What you need to know |
| Age | At least 18 years old |
| Citizenship | Meet the applicable citizenship or permanent residency rules |
| Previous grant | Must not have previously received a first-home owner grant |
| Previous property ownership | Must satisfy the applicable ownership and occupation rules |
| Property type | Eligible new home |
| Property location | Victoria |
| Property value | $750,000 or less |
| Residency | Must meet the minimum owner-occupier requirements |
| Investment property | Not eligible |
Meeting these conditions does not guarantee approval. The SRO reviews your application and supporting documents before confirming your eligibility.
For the full requirements, refer to the State Revenue Office’s First Home Owner Grant guidance
What Properties Qualify for the First Home Owners Grant in Victoria?
The type of property you purchase can determine whether you qualify for the grant. The Victorian Government distinguishes between new homes and established properties.
Newly Constructed Homes
You may qualify if you purchase a newly constructed home that nobody has previously occupied.
This can include a newly completed house, townhouse, or apartment. The property must meet the applicable value and residency requirements.
Off-the-Plan Properties
Buying an off-the-plan property may also qualify for the grant. However, the property must meet the SRO’s requirements for a new home.
For example, you may purchase an apartment before construction finishes. If the completed property meets the eligibility rules, you may qualify for the grant.
Check your contract and expected completion date carefully. Your application process may depend on when the property becomes eligible.
Building Your Own Home
You may qualify if you build a new home on land you own or acquire.
Eligible arrangements can include:
- A house built under a comprehensive building contract.
- An eligible owner-builder project.
- A new home constructed on vacant residential land.
The grant may be assessed using the value of the land and building work, depending on the arrangement. You must also meet the applicable completion and residency requirements.
Established Homes
Established homes generally do not qualify for the grant, even if you are buying your first property.
For example, purchasing a previously occupied house for $600,000 does not make you eligible for the FHOG. The grant specifically supports eligible new homes.
The key distinction is whether the property meets the SRO’s definition of a new home, not simply whether you’re its first owner.
First Home Owners Grant vs First Home Buyer Stamp Duty Concession
The First Home Owner Grant is not the only financial support available to Victorian first-home buyers.
You may also qualify for a first-home buyer stamp duty exemption or concession. This benefit can reduce the land transfer duty payable when you purchase an eligible property.
The two schemes have different property requirements.
| Feature | First Home Owner Grant | Stamp duty exemption or concession |
| Maximum property value | $750,000 | $750,000 |
| Benefit | $10,000 payment | Full or partial duty saving |
| New homes | Eligible | Eligible |
| Established homes | Not eligible | Eligible |
| Vacant land | Eligible in qualifying build arrangements | Eligible for qualifying first-home builds |
| Main residence requirement | Yes | Yes |
| Repayment | Not required if conditions are met | Not required if conditions are met |
How Much Stamp Duty Can You Save?
Eligible first-home buyers in Victoria may receive:
- Full stamp duty exemption: For homes with a dutiable value of $600,000 or less.
- Reduced stamp duty: For homes valued between $600,001 and $750,000.
- No first-home buyer duty concession: For properties with a dutiable value above $750,000.
The concession can apply to new or established homes and qualifying vacant land. The SRO calculates the benefit using the property’s dutiable value and the applicable rules.
For example, imagine you purchase an established home for $580,000. You may qualify for a full stamp duty exemption, even though the property does not qualify for the FHOG.
Now imagine you purchase an eligible new home for $700,000. You may qualify for both the $10,000 grant and a reduced stamp duty amount.
These benefits can substantially reduce your upfront costs. However, you must meet the separate eligibility requirements for each scheme.
You can find the current rules on the SRO’s first-home buyer duty exemption and concession page
.
Can You Combine the First Home Owners Grant With Other Government Schemes?
Yes, you may be able to combine the First Home Owner Grant with other eligible government support schemes.
However, each scheme has its own eligibility requirements, property limits, and application process.
First Home Guarantee
The First Home Guarantee helps eligible first-home buyers purchase a home with a deposit as low as 5%. It allows eligible buyers to avoid paying lenders mortgage insurance (LMI), subject to the scheme’s conditions.
You may be able to use the First Home Guarantee alongside the Victorian grant if you meet both schemes’ requirements.
For example, you could purchase an eligible new home in Victoria using a 5% deposit under the guarantee. If you also meet the FHOG requirements, you may qualify for the additional $10,000 grant.
The guarantee has its own property price caps and participating lender requirements. Check the current scheme rules before relying on this option.
First Home Super Saver Scheme
The First Home Super Saver Scheme (FHSS) allows eligible buyers to withdraw certain voluntary superannuation contributions to help purchase their first home.
You may be able to combine eligible FHSS withdrawals with the Victorian grant. The FHSS has separate contribution, withdrawal, and property purchase rules.
You must also obtain the required FHSS determination and release your eligible funds through the Australian Taxation Office.
Regional First-Home Buyer Support
Victoria does not provide a separate regional FHOG amount. Eligible buyers in regional Victoria can access the same $10,000 grant as eligible buyers in Melbourne.
However, property price caps under other government schemes may differ by location. This can affect which forms of support you can combine.
Before signing a contract, confirm the eligibility requirements for each scheme you intend to use.
How to Apply for the First Home Owners Grant in Victoria
Applying for the First Home Owners Grant Victoria is straightforward when you understand the process. You can usually apply through your participating bank or credit union.
Alternatively, you can apply directly to the SRO after completing your eligible purchase or construction.
Step 1: Check Your Eligibility
Before signing your contract, review the grant’s eligibility requirements.
Confirm that:
- You meet the applicant age and residency criteria.
- You satisfy the previous property ownership rules.
- Your property qualifies as a new home.
- The property meets the $750,000 value cap.
- You can meet the 12-month residency requirement.
If you’re unsure about your circumstances, contact the SRO before committing to the purchase.
Step 2: Speak to Your Lender
If you’re applying for a home loan, ask your lender whether it is an approved FHOG agent.
Many approved banks and credit unions can lodge the application on your behalf. This can simplify the process because your lender can also verify your identity and supporting documents.
If you need the grant for settlement or an eligible progressive payment, you must apply through an approved agent.
Step 3: Prepare Your Supporting Documents
Your lender or the SRO will require documents to verify your eligibility.
Depending on your circumstances, these may include:
- Proof of identity and citizenship or permanent residency.
- Your contract of sale.
- Your building contract, if you’re constructing a home.
- Your certificate of occupancy, where applicable.
- Other documents requested to confirm your eligibility.
Your spouse or partner’s details may also be required, even if they are not listed on the property title.
Make sure your documents are accurate and complete. Missing information can delay your application.
Step 4: Lodge Your Application
If you’re applying through an approved agent, your bank or credit union will usually lodge the application.
You must review and sign the application before your agent submits it.
If you’re applying directly to the SRO, you can submit your application after completing the eligible transaction. You must lodge it within 12 months of settlement or completion of construction.
Step 5: Wait for Approval and Payment
The SRO reviews your application and supporting documents. It may request additional information if it needs to verify your eligibility.
The SRO states that it aims to review direct applications within 10 working days. Processing times may vary depending on the application and any additional evidence required.
Once approved, the grant is paid into the nominated bank account or handled through your approved agent, depending on your application arrangement.
When Do You Receive the First Home Owners Grant in Victoria?
The timing of your grant payment depends on how you purchase or build your home and how you apply.
If you’re buying a completed new home, an approved agent may be able to arrange the grant as part of the settlement process.
If you’re building a home, the grant may be available through an approved agent when you make your first eligible progressive payment. The timing depends on the construction arrangement and the agent’s requirements.
If you apply directly to the SRO, you must wait until the eligible transaction is complete. The SRO will pay the grant after approving your application.
Important timing considerations
- Buying a completed home: Ask your lender whether it can arrange the grant for settlement.
- Building a home: Confirm when your grant can be claimed under your building arrangement.
- Applying directly: Lodge your application within 12 months of settlement or construction completion.
- Additional checks: Allow extra time if the SRO requests more documents.
Do not assume the grant will be available before settlement. Confirm the payment arrangements with your lender, conveyancer, and the SRO.
How to Use the First Home Owners Grant
The $10,000 First Home Owner Grant can help reduce the financial pressure of buying or building your first home.
However, how you access the funds depends on your application and settlement arrangements.
You may be able to use the grant to help with:
- Eligible funds required for settlement.
- Costs associated with building your new home.
- Moving expenses after settlement.
- Essential household items and other home setup costs.
If you’re using the grant as part of your purchase funds, speak to your lender first. Your lender will need to confirm how it treats the grant when assessing your deposit and available funds.
Example: Buying a New Home in Victoria
Imagine you’re purchasing a newly built townhouse in Geelong for $650,000.
You have saved a deposit and meet the FHOG eligibility requirements. Your property also meets the grant’s definition of a new home.
Example purchase breakdown
| Purchase price | $650,000 |
| 5% deposit | $32,500 |
| Potential First Home Owner Grant | $10,000 |
| Potential stamp duty concession | Depends on eligibility |
Illustrative example only. The grant and deposit are not automatically interchangeable. Your lender must confirm acceptable funds and any applicable conditions.
If you qualify for the First Home Guarantee, you may also be able to avoid lenders mortgage insurance. Your actual borrowing capacity and required funds will depend on your lender’s assessment and the scheme’s rules.
This example shows how different forms of support may work together. It does not guarantee approval for any grant, concession, or home loan.
Common Reasons the First Home Owner Grant May Be Rejected
Even if you’re buying your first home, your application may not satisfy the SRO’s requirements.
Understanding common reasons for rejection can help you avoid unnecessary delays.
Buying an Established Property
The FHOG does not generally apply to previously occupied homes.
If you’re buying an established property, investigate whether you qualify for the first-home buyer stamp duty exemption or concession instead.
Exceeding the Property Price Cap
Your eligible new home must meet the $750,000 value limit.
If your property exceeds the applicable cap, you will not qualify for the grant, even if you meet every other requirement.
Previous Property Ownership
Previous property ownership can affect your eligibility, even if you no longer own the property.
The SRO considers specific dates, ownership interests, and periods of occupation. Your spouse or partner’s property history can also affect your application.
However, some special circumstances may allow applicants to qualify despite previous ownership.
Failing the Residency Requirements
At least one applicant must occupy the home as their principal place of residence for the required period.
If you cannot meet the residency conditions, you may have to repay the grant. You must notify the SRO if your circumstances change and you can no longer meet the requirements.
Providing Incorrect or Incomplete Information
The SRO checks application details and supporting evidence.
Incorrect information, missing documents, or failure to disclose relevant property ownership can affect your application.
Providing false or misleading information may result in penalties, interest, or prosecution.
If the SRO rejects your application, you can review its decision and follow the applicable objection and appeal process.
Frequently Asked Questions About the First Home Owners Grant Victoria
1. How much is the First Home Owners Grant in Victoria?
The First Home Owner Grant in Victoria is $10,000 for eligible buyers purchasing or building a new home. The property must be valued at $750,000 or less and meet the SRO’s requirements.
2. Can I get the First Home Owners Grant for an established home?
No, the grant generally only applies to eligible new homes that have never been sold, occupied as a home, leased, or used for short-term accommodation. However, you may qualify for a first-home buyer stamp duty exemption or concession when purchasing an established property.
3. Can I get the First Home Owners Grant if I have owned property before?
You may still qualify in certain circumstances, depending on when you owned the property and whether you lived in it. For example, owning an investment property that you never occupied may not automatically disqualify you. The SRO also recognises certain special circumstances.
4. Can I get the First Home Owners Grant and stamp duty exemption together?
Yes, you may qualify for both benefits if you meet their separate eligibility requirements. The grant applies to eligible new homes, while the first-home buyer stamp duty exemption or concession can also apply to established homes and qualifying vacant land.
5. Can I use the First Home Owners Grant as a deposit?
You may be able to use the grant towards your purchase funds, depending on your lender’s requirements and payment arrangements. If you need the grant for settlement, you generally need to apply through an approved agent. Confirm how your lender will treat the grant before relying on it as part of your deposit.
6. Do I have to repay the First Home Owners Grant?
No, you do not need to repay the grant if you meet all eligibility and residency requirements. However, the SRO may require repayment, and penalties or interest may apply, if you receive the grant incorrectly or fail to meet the conditions.
7. How long do I have to live in my first home?
At least one applicant must live in the property as their principal place of residence for at least 12 continuous months. You must generally begin occupying the property within 12 months of settlement or completing construction.
8. How long does it take to receive the First Home Owners Grant?
The timing depends on how you apply and whether the SRO needs additional documents. Approved agents may arrange payment for eligible settlement or construction purposes. For direct applications, the SRO aims to review applications within 10 working days, although processing times can vary.
Important Things to Know Before Applying
Before relying on the First Home Owners Grant Victoria, consider how it fits into your overall home-buying budget.
- Check the property value: Make sure your new home meets the $750,000 limit and the applicable valuation rules.
- Review your eligibility: Consider your previous property ownership, your partner’s circumstances, and your residency requirements.
- Confirm your grant timing: Speak to your lender about whether the grant can be used at settlement or during construction.
- Explore other concessions: Check whether you qualify for stamp duty relief or other government support.
- Keep your documents: Retain your contracts, identity documents, payment records, and evidence of occupancy.
- Understand your obligations: Make sure you can meet the residency requirements before claiming the grant.
Conclusion
The First Home Owners Grant Victoria provides eligible first-home buyers with $10,000 towards purchasing or building a new home. While the grant will not cover every upfront cost, it can help reduce the financial pressure of entering the property market.
You may also qualify for stamp duty relief and other government schemes, depending on your circumstances. Understanding these options can help you plan your deposit, estimate your upfront costs, and choose a property that meets your needs.
Ultimately, knowing the eligibility rules, preparing your documents, and understanding your residency obligations can help you make informed decisions throughout your first-home buying journey.
Disclaimer: This article provides general information about the Victorian First Home Owner Grant and related first-home buyer concessions. It is not financial, legal, or taxation advice. Government eligibility rules and scheme conditions may change. Confirm your individual circumstances with the relevant government authority and seek professional advice where necessary.
