Fhog form vic 2025

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A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home. Your first new home can be a house, townhouse, apartment, unit or similar. A new home can be a home that has been substantially renovated, or a home built to replace demolished premises.
The First Homeowner Grant (FHOG) offers $10,000 to eligible first home buyers who buy or build a new home valued up to $750,000. The home must not have been previously sold or occupied. However, the FHOG will end after the 2024/2025 fiscal year due to the introduction of the federal Help to Buy scheme.
You are at least 18 years old at the time of settlement. You have saved a deposit of at least 5%. Your gross annual income is $125,000 or less (for individuals) or $200,000 or less for joint applicants. You are buying the property as a principal place of residence.
Through the scheme, the Victorian Government provides eligible participants with a contribution of up to 25 per cent of the purchase price of the home. Participants need to contribute a minimum of 5 per cent of the purchase price and cover any acquisition costs, such as stamp duty and conveyancing costs.
Both the duty exemption and the 50% duty reduction are available to first home buyers when they purchase a new or established property in Victoria with a dutiable value up to $600,000. The duty concession applies where the dutiable value is more than $600,000 but not more than $750,000.
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What was the $20,000 regional FHOG? The regional First Home Owner Grant (FHOG) was a $20,000 payment for first home buyers who signed a contract to buy or build their new home, where the contract price (or cost of construction for an owner builder) was $750,000 or less, in regional Victoria.

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