GOVERNMENT GRANTS & BONUSES

First Home Buyers

You will benefit from the Government’s $20,000 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.

Are you eligible to receive the grant?

For full conditions and eligibility requirements visit www.sro.vic.gov.au

Homes for Victorians

Land duty has been abolished for first home buyers who purchased a property valued at or below $600,000 and phased in for properties valued up to $750,000.

The off-the-plan duty concession is restricted to properties acquired by owner/occupiers who are eligible for the principal place of residence or first home buyer duty concessions. The concession is no longer available for residential investment property purchases or commercial property purchases. These changes apply where the contract is entered into or after 1 July 2017.

For more information, visit www.premier.vic.gov.au/homes-for-victorians/