First Home Guarantee (Formerly First Home Loan Deposit Scheme) - 5% min deposit. Purchase price capped at $800,000 (Capital City/Regional Centre) and $650,000 (Rest of State).

First Home Super Saver Scheme - Salary sacrifice up to $15,000 per financial year up to a total of $50,000 across all years.

First Home Owners Grant - $10,000 when you buy or build a new home valued up to $750,000.

Stamp/Transfer Duty Concessions or Waivers

First Home Buyer Duty Exemption/Reduction - Dutiable value must not exceed $600,000 to be exempt. Concession on homes valued between $600,000 and $750,000.

Off-The-Plan Concession - First Home Buyers receive a duty concession - dutiable value is the contract price minus the construction/refurbishment costs on or after the contract date.

Principal Place of Residence Duty Concession - The dutiable value must be more than $130,000 but not exceed $550,000.

Homebuyer Fund - If you have a 5% deposit, the Victorian Government could contribute up to 25% of the purchase price in exchange for an equivalent share in the property.

First Home Owners Grant - Additional Information

• A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home.
• The contract price for construction when building the home, must be $750,000 or less.
• The property must not have been previously sold as a place of residence, occupied as a home, or used for the provision of short-term accommodation, such as Airbnb. This means the first sale of a property will not be a new home if the person who built it lived in it, or leased it out or used it for short-term accommodation.
• A new home can be a home that is substantially renovated, or a home built to replace demolished premises. It cannot be an investment or holiday house.