*** Latest News*** First Home Buyer Grants***
There has been a great deal of talk of late as to " What do I get as a first home buyer in the state of Victoria " So as a result I have collected a table of information from the SRO ( State Revenue Office ) and outlines all the government grants on offer as a result of the Federal budget 2009 ( March 12th 2009 )
A table, which sets out the different amounts that first home buyers in Victoria may be eligible for, is shown below.
| Contract Date |
Conditions |
First Home Owner Grant (FHOG) |
New First Home Owner Boost |
First Home Bonus # |
First Home Owner
Regional Bonus # |
Total |
|
From 1 January 2010 to 30 June 2010
Note: This information has been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval. |
Established homes only |
$7,000* |
$0.00 |
$2,000 |
$0.00 |
$9,000 |
| Newly constructed homes in Metropolitan Victoria only |
$7,000* |
$0.00 |
$11,000 |
$0.00 |
$18,000 |
| Newly constructed homes in Regional Victoria only |
$7,000* |
$0.00 |
$11,000 |
$4,500 |
$22,500 |
|
From 1 October 2009 to 31 December 2009
Note: This information has been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval. |
Established homes only |
$7,000 |
$3,500 |
$2,000 |
$0.00 |
$12,500 |
| Newly constructed homes in Metropolitan Victoria only |
$7,000 |
$7,000 |
$11,000 |
$0.00 |
$25,000 |
| Newly constructed homes in Regional Victoria only |
$7,000 |
$7,000 |
$11,000 |
$4,500 |
$29,500 |
|
From 1 July 2009 to 30 September 2009
Note: This information has been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval. |
Established homes only |
$7,000 |
$7,000 |
$2,000 |
$0.00 |
$16,000 |
| Newly constructed homes in Metropolitan Victoria only |
$7,000 |
$14,000 |
$11,000 |
$0.00 |
$32,000 |
| Newly constructed homes in Regional Victoria only |
$7,000 |
$14,000 |
$11,000 |
$4,500 |
$36,500 |
| From 14 October 2008 to 30 June 2009 |
Established homes only |
$7,000 |
$7,000 |
$3,000 |
$0.00 |
$17,000 |
| Newly constructed homes in Metropolitan Victoria only |
$7,000 |
$14,000 |
$5,000 |
$0.00 |
$26,000 |
| Newly constructed homes in Regional Victoria only |
$7,000 |
$14,000 |
$5,000 |
$3,000 |
$29,000 |
| From 6 May 2008 to 13 October 2008 |
Established homes only |
$7,000 |
$0.00 |
$3,000 |
$0.00 |
$10,000 |
| New homes in Metropolitan Victoria only |
$7,000 |
$0.00 |
$5,000 |
$0.00 |
$12,000 |
| New homes in Regional Victoria only |
$7,000 |
$0.00 |
$5,000 |
$3,000 |
$15,000 |
From 1 January 2007
to 5 May 2008 |
Established homes only |
$7,000 |
$0.00 |
$3,000 |
$0.00 |
$10,000 |
| New homes only |
$7,000 |
$0.00 |
$5,000 |
$0.00 |
$12,000 |
| From 1 January 2006 to 31 December 2006 |
Established and New homes |
$7,000 |
$0.00 |
$3,000 |
$0.00 |
$10,000 |
| From 1 May 2004 to 31 December 2005 |
Established and New homes |
$7,000 |
$0.00 |
$5,000 |
$0.00 |
$12,000 |
* Additional Conditions: To be eligible to receive the FHOG, for contracts entered into between 1 January 2010 and 30 June 2010, the value of the property must not exceed $600,000
# Additional Condition: To be eligible to receive the Bonus and Regional Bonus for contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000. For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000
The information provided in the above table is to be used as a guide only.
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