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?

You may be eligible for the State Government's First Home Owner's Grant together with a 40% stamp duty saving on the purchase of your land. For full conditions and eligibility requirements visit www.sro.vic.gov.au .