$10,000 First Home Owner Grant* (FHOG) in Victoria
Buying your first home? The Victorian Government offers housing grants to help first-home buyers enter the market sooner—including the $10,000 First Home Owner Grant* (FHOG) for eligible new home purchases.
If you’re planning to buy or build a new home in Victoria, this grant could be the helping hand you need. Your first home can be a house, townhouse, or apartment, as long as it’s valued at $750,000 or less and is less than five years old.
With grants and incentives subject to change after June 30, now is the time to explore your options. Our expert New Home Consultants, alongside our finance partners at Resolve Finance, are here to guide you through the process and help you find the right finance solution.
Find out if you’re eligible—chat with us today and take advantage of available grants.
Will I be eligible for the First Home Owner Grant (FHOG) in Victoria?
To qualify for the First Home Owner Grant in Victoria (FHOG), your new home must meet the following criteria:
✔ Valued at $750,000 or less
✔ Contract signed on or after 1 July 2013
✔ A new home that has never been lived in before
You may not be eligible if:
✘ You or your partner have already received the FHOG in Australia.
✘ You or your partner have owned a home in Australia before 1 July 2000.
✘ You have lived in a home owned by either of you for at least six months on or after 1 July 2000.
Even if your spouse or partner is not a joint applicant, these conditions still may apply.
We’re here to help
Have any further questions about the First Home Owners Grant in Victoria, or want to find out if you’re eligible? Together with our partners at Resolve Finance, we will guide you through the process and assist you with your First Home Owners Grant application.
First Home Owner Grant current eligibility criteria
- Be over 18 years of age
- At least one applicant (you or your spouse/partner) must be an Australian Citizen or Permanent Resident
- Be planning to live in your home for the next six months
- Have never owned a residential property in Victoria or anywhere else in Australia
- Your or your spouse have never received the grant anywhere in Australia before
- Your new home must be valued at $750,000 or less
- Your new home has not been sold previously as a place of residence or, occupied as a home including short-term accommodation, such as Airbnb. This means the first sale of a property will not be a new home if the person who built it lived in it, or leased it out or used it for short-term accommodation.
Check full eligibility criteria via sro.vic
First Home Owners Grant in Victoria - Frequently asked questions
The First Home Owner Grant in Victoria is a one-off payment designed to help first-time home buyers overcome financial hurdles when purchasing a newly built home or substantially renovated property. Currently, the grant may provide up to $10,000* towards your new home, provided it is worth $750,000 or less.
The First Home Owner Grant itself does not have an income cap, allowing for greater accessibility to aspiring homeowners. However, if you are considering additional benefits or schemes, such as the First Home Guarantee Scheme, there are income thresholds to meet.
For more information on eligibility requirements, click here.
Yes, the First Home Owner Grant can be used towards your home deposit, helping you reduce the initial amount needed to secure your home loan. This grant, combined with other savings or grants and schemes, can make entering the property market smoother and more attainable.
Once you’ve lodged your application through your financial institution, the grant typically processes shortly after settlement or completion of your property. Generally, you’ll receive the funds within a few weeks, but this timeline can vary depending on your lender’s processing time and application completeness.
Why do so many Homebuyers Centre customers use Resolve Finance as their first home buyer mortgage broker?
Established in 1997 as part of ABN Group, Resolve Finance has over two decades in the business. Resolve mortgage specialists have helped buyers secure loans for over 33,000 homes, becoming one of Australia’s undisputed leaders in their field.
Terms and conditions apply. The information does not consider your personal needs and financial circumstances and you should consider whether this is appropriate for you. First Homeowner Grant eligibility is at the discretion of the Victorian State Revenue Office, to find out more, click here. Scheme eligibility is at the discretion of Housing Australia, to find out more click here. Please note this is a guide only, this information may be revised for 2024/2025. Participating lenders terms and conditions apply and may vary. All financial services provided by resolve Financial Solutions Pty Ltd Trading as resolve Finance ABN 65 079 545 378. Australian Credit License 3854877
Learn about other grants and schemes
Regional First Home Buyer Guarantee (RFHBG)*
If you’re considering becoming a homeowner in Regional Victoria, there’s never been a better opportunity. Eligible home buyers in this area can now secure a property with a deposit as low as 5%*—and the best part? You won’t need to pay Lenders Mortgage Insurance.
First Home Guarantee (FHBG)*
If you’re considering becoming a homeowner in Melbourne and its surrounds, there’s never been a better time. Eligible home buyers in this area can now secure a property with a deposit as low as 5%*—and the best part? You won’t need to pay Lenders Mortgage Insurance.
Family Home Guarantee (FHG)*
Eligible single parents or single legal guardians with at least one dependent child can now purchase a home with a deposit of as little as 2%* without paying Lenders’ Mortgage Insurance.
Find out if you're eligible
Together with our partners at Resolve Finance, we will guide you through the process