State Guide

Government Schemes for First Home Buyers in Victoria

If you're a first home buyer in Victoria, we're here to help! Explore the grants, concessions, and schemes available to make your home ownership dreams a reality.

First Home Owner Grant (FHOG)

$10,000 Grant

Victoria offers a $10,000 grant when purchasing or building a new home. This assistance applies exclusively to new constructions and off-the-plan acquisitions.

Eligibility Requirements:

  • Must be purchasing or building a new home
  • Property value caps apply
  • Must live in the property as your primary residence

Stamp Duty Relief

Eligible first-time buyers may access significant stamp duty savings to reduce upfront costs.

Full Exemption

On properties valued up to $600,000

Concessional Rates

On properties $600,000 - $750,000

Victorian Homebuyer Fund

Shared Equity Program

The government may contribute up to 25% of the property price for eligible buyers. This initiative targets applicants with limited deposits but adequate income to manage loan repayments, thereby reducing borrowing requirements.

Government Contribution

Up to 25%

of the property purchase price

How Loan Studio Helps

  • Eligibility assessments
  • Shared equity evaluations
  • Lender selection guidance
  • Application support
Get Started

Call us

1300 978 051

Important: Grant amounts, eligibility criteria, and scheme availability are subject to change. Meeting eligibility requirements does not guarantee loan approval. Loan Studio brokers assist with guidance and applications but cannot approve loans or guarantee acceptance into any scheme.