First Home Owner Grant Victoria

First Home Owner Grant Victoria
First Home Owner Grant Victoria


Unlocking the dream of homeownership can feel daunting, especially when navigating financial hurdles. However, the Victorian government offers a helping hand through the First Home Owner Grant (FHOG), a valuable financial incentive specifically designed to support first homebuyers in achieving their property aspirations.

This comprehensive guide delves deep into the FHOG, providing clear and insightful information to empower you on your journey to homeownership.

What is the First Home Owner Grant Victoria (FHOG)?

The FHOG is a one-time grant of $10,000 offered by the Victorian government to eligible first home buyers purchasing or building a new home.

This financial boost aims to alleviate some of the financial burden associated with purchasing your first property, making homeownership more attainable and accessible.

Why is the FHOG important?

For many first home buyers, the FHOG can be a game-changer, potentially making a significant impact on their initial investment.

The grant amount can be used towards various expenses associated with buying a new home, such as reducing your down payment, covering stamp duty costs, or contributing to legal and conveyancing fees.

This financial assistance can bridge the gap and bring your dream home within reach.

Is the FHOG right for me?

Whether you’re eager to build your dream house, purchase a cozy apartment, or explore off-the-plan options, the FHOG might be the key to unlocking your homeownership journey.

Stay tuned as we delve deeper into the eligibility criteria, application process, and different types of new homes covered by the grant.

Remember, the FHOG is a powerful tool, and with the right information and guidance, you can leverage its benefits to make informed decisions and achieve your homeownership goals.

Eligibility for the First Home Owner Grant: Unlocking Your Qualification

Before claiming your slice of the First Home Owner Grant pie, understanding your eligibility is crucial. Let’s explore the key criteria you need to meet:

Age: You must be 18 years of age or older on the settlement date of your new home.

Citizenship: Australian citizenship or permanent residency is a requirement.

First Home: This grant is exclusive to those buying their very first home. Owning property previously, even partially, disqualifies you.

Home Type: The FHOG applies to brand new homes, meaning they haven’t been previously occupied or sold as a residence. This includes houses, townhouses, apartments, and units.

Price Limit: The property value must be $750,000 or less at the time of purchase or contract signing.

Principal Place of Residence: You must intend to make the new home your primary residence for at least 12 continuous months after settlement.

Don’t worry if you have specific questions or a unique situation, such as joint ownership or multiple applicants. The State Revenue Office website provides comprehensive information and helpful resources to clarify your eligibility.

Securing Your Grant: Navigating the Application Process

Now that you’ve assessed your eligibility, let’s embark on the application journey for the First Home Owner Grant Victoria. Remember, timely and accurate application is key to securing your rightful grant.


  1. Before Settlement/Construction: For existing new homes, apply before settlement to receive the grant.
  2. After Construction: For off-the-plan purchases. you can apply upon completion of construction and settlement of the property.

Required Documents:

  1. Completed FHOG application form
  2. Proof of identity (e.g., driver’s license, passport)
  3. Proof of Australian citizenship or permanent residency
  4. Contract of sale or building agreement
  5. Signed declaration confirming your intention to occupy the property as your principal place of residence.

Submitting Your Application:

  1. Conveniently lodge your application online through the State Revenue Office portal or through your conveyancer.
  2. Ensure all required documents are uploaded and your information is accurate and complete.
  3. Processing times typically range from 2 to 4 weeks, so submit your application well in advance.

Fees and Costs:

  1. There are no application fees associated with the FHOG.
  2. Remember, other costs like legal and conveyancing fees are separate and not covered by the grant.

Applying for the FHOG is a straightforward process, but careful preparation and timely submission are crucial.

By following these steps and staying informed, you’ll be well on your way to securing your grant and taking a significant step towards your homeownership dreams.

New Homes Awaiting Your Claim: Exploring Eligible Property Options

The FHOG opens doors to various types of brand new homes, allowing you to choose the perfect fit for your needs and preferences. Let’s delve into the different property options covered by the grant:

Traditional Homes:

  1. Houses: Your classic dream home with a backyard, ideal for families or those seeking space.
  2. Townhouses: Multi-level homes offering a balance of privacy and community living, often in urban areas.

Apartment Living:

  1. Apartments: Compact and convenient living spaces in multi-story buildings, suitable for individuals or couples.
  2. Units: Similar to apartments, offering various sizes and layouts, often with shared amenities.

New Construction Options:

  1. Newly Built Homes: Ready-to-move-in houses or apartments within 5 years of construction.
  2. Off-the-Plan Purchases: Buying a property still under construction, offering potential cost savings and customisation options.
  3. Land & Construction: Consider purchasing a vacant block of land in your desired area and engage a builder to construct a new home for you.

Substantially Renovated Homes:

  1. In specific cases, homes undergoing major renovations that essentially create a new dwelling might be eligible.
  2. Strict criteria apply, requiring professional certification and exceeding a minimum renovation cost.

Visualise your dream home and explore available options within your budget and preferred location.

By understanding the diverse possibilities covered by the FHOG, you can make an informed decision that aligns with your unique needs and aspirations.

Beyond the FHOG Grant: Exploring Additional Financial Support

While the First Home Owner Grant Victoria is a valuable first step, it’s worth exploring other financial assistance options to optimise your homeownership journey. Let’s unlock additional benefits:

Stamp Duty Concessions and Exemptions

First home buyers in Victoria may qualify for stamp duty concessions or even exemptions depending on the property value and purchase price. This can translate to significant savings on your overall transaction costs.

First Home Guarantee Scheme

This government-backed scheme, First Home Guarantee Scheme allows eligible first-time buyers to purchase a home with a reduced deposit of just 5%, potentially making your dream home more attainable.

This federal government scheme eliminates the need for Lender Mortgage Insurance (LMI).

Remember, specific eligibility criteria and participating lenders apply.

Regional Home Guarantee

If you’re looking to purchase or build a new home in a designated regional area in Victoria, the Regional Home Guarantee offers a 5% deposit option and relaxed eligibility requirements compared to the standard scheme.

This scheme removes the requirement for Lender Mortgage Insurance (LMI).

Victorian Homebuyer Fund

The Victorian Homebuyer Fund (VHF) can help if you are struggling to save a deposit in Victoria’s competitive housing market.

This government initiative is a shared equity scheme, making homeownership more achievable for eligible Victorians.

In this scheme, the Victorian Government contributes up to 25% of your home’s purchase price in exchange for a matching share in the property’s equity.

You’ll need a minimum deposit of 5% (3.5% for Aboriginal and Torres Strait Islander applicants) and secure a mortgage for the remaining amount.

This reduces your loan size and eliminates the need for Lenders Mortgage Insurance (LMI), saving you money upfront.

First Home Super Saver Scheme

The First Home Super Saver Scheme (FHSSS) can help you boost your savings by allowing you to make voluntary contributions to your superannuation (up to $15,000 per year) and then withdraw them (plus earnings) to use towards your first home deposit (up to $50,000).

This can potentially lead to a 30% increase in your savings compared to saving outside of super.

Comparison Tools and Resources

Numerous online tools and resources can help you compare different home loan options, stamp duty concessions, and available grants.

Utilise these resources to make informed financial decisions and choose the best options for your unique situation.

Seeking Professional Guidance

Consider consulting a conveyancer or mortgage broker specialising in first home buying. Their expertise can help you navigate complex financial aspects, secure the most suitable loan options, and maximise your access to available benefits.

Apply for the First Home Buyer Loan with DotCapital

Unlocking the door to homeownership can be daunting, but with the First Home Owner Grant (FHOG) and DotCapital’s expert guidance, your dream home is closer than ever. Call DotCapital on 03 8707 2892 or click the button below to schedule a meeting.

FAQs About First Home Owner Grant Victoria

Purchasing your first home is a thrilling journey, and sometimes, questions arise. This section addresses some frequently asked questions (FAQs) about the First Home Owner Grant Victoria:

What happens if I receive the grant but sell my home before the 12-month residency requirement?

You may be required to repay the grant, or a portion of it, depending on the specific circumstances. It’s crucial to understand the terms and conditions before applying.

How long does it take to receive the grant after applying?

Processing times typically range from 2 to 4 weeks. Ensure you submit your application well in advance to avoid any delays.

What happens if I buy a property slightly above the $750,000 limit?

Unfortunately, the FHOG is not applicable if the property value exceeds the limit at the time of purchase or contract signing.

Can I apply for the grant if I’m buying with a partner or family member?

Yes, you can apply jointly, but each applicant must meet the individual eligibility criteria.

Can I apply if I’ve previously owned property with someone else?

No, the grant is only available for those purchasing their absolute first home. Owning any property previously, even jointly or partially, disqualifies you.

Are permanent residents eligible for the First Home Owner Grant (FHOG) in Victoria?

Yes, permanent residents are eligible for the First Home Owner Grant (FHOG) in Victoria.

Are temporary residents eligible for the First Home Owner Grant (FHOG) in Victoria?

Unfortunately, temporary residents are not eligible for the First Home Owner Grant (FHOG) in Victoria.

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