The First Home Owner Grant provides eligible first home buyers with a $7000 grant. This grant is not means-tested nor is it restricted by the price of the property. The Grant is an on-going scheme.
First Home Bonus
1 July 2009 to 30 June 2010 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only), known as the First Home Bonus.
To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000.
1 January 2007 to 30 June 2009 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only), known as the First Home Bonus.
To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000.
Regional Bonus
1 July 2009 to 30 June 2010 (contract Date)
For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 regional bonus is also available (in addition to the $11,000 bonus).
6 May 2008 to 30 June 2009 (contract date)
For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 regional bonus is also available (in addition to the $5000 bonus).
First Home Owner Boost
The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7000. The Boost provides:
- 14 October 2008 to 30 September 2009 (contract date) an extra $7000 to first home buyers who purchase an established home; and
- an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home.
1 October 2009 to 31 December 2009 (contract date) - an extra $3500 to first home buyers who purchase an established home; and an extra $7000 to first home buyers who build a new home or purchase a newly constructed home.
The tables below set out the different amounts that first home buyers in Victoria may be eligible for:
The information in this table is to be used as a guide only.
Contract Date (1 July 2009 - 30 September 2009)
Conditions First Home Owner Grant (FHOG) New First Home Owner Boost First Home Bonus First Home Owner Regional Bonus Total
Established homes only $7,000 $7,000 $2,000* $0.00 $16,000
Newly constructed homes in Metropolitan Victoria only $7,000 $14,000 $11,000* $0.00 $32,000
Newly constructed homes in Regional Victoria only $7,000 $14,000 $11,000* $4,500* $36,500
*For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000.
Contract Date (1 October 2009 - 31 December 2009)
Conditions First Home Owner Grant (FHOG) New First Home Owner Boost First Home Bonus First Home Owner Regional Bonus Total
Established homes only $7,000 $3,500 $2,000* $0.00 $12,500
Newly constructed homes in Metropolitan Victoria only $7,000 $7,000 $11,000* $0.00 $25,000
Newly constructed homes in Regional Victoria only $7,000 $7,000 $11,000* $4,500* $29,500
*For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000.
Contract Date (1 January 2010 - 30 June 2010)
Conditions First Home Owner Grant (FHOG) New First Home Owner Boost First Home Bonus First Home Owner Regional Bonus Total
Established homes only $7,000 $0.00 $2,000* $0.00 $9,000
Newly constructed homes in Metropolitan Victoria only $7,000 $0.00 $11,000* $0.00 $18,000
Newly constructed homes in Regional Victoria only $7,000 $0.00 $11,000* $4,500* $22,500
*For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000.