Government Grants & Bonuses

First Home Buyers

If you are a first home buyer, you will benefit from the government’s first home owner grant and stamp duty savings of 40% on the cost of your land.

The grant is not means-tested and is available to those building or buying a new home, provided that the price of the home does not exceed $750,000.

The Victorian State Revenue Office administers the grant with the help of a number of banks and lending institutions that are approved agents.

How much is the grant?

A payment of $10,000 is available for eligible first home buyers to build or purchase a new home.

Are you eligible to receive the grant?

In order to receive the grant you must satisfy various eligibility requirements. Furthermore, only certain types of transactions are eligible to receive the grant.