First Home Owner Grant in Victoria
Victoria's First Home Owner Grant is $10,000 for a new home valued up to $750,000. That includes off-the-plan homes, homes you build, and house-and-land packages. Established homes don't qualify.
Stamp duty for first home buyers
First home buyers pay no land transfer duty up to $600,000, and a reduced amount from $600,001 to $750,000. Unlike the grant, the duty concession covers established homes too.
At $650,000, a first home buyer pays about $11,357 duty instead of $34,070. At $750,000 the concession ends.
Work out your exact duty with the Victoria stamp duty calculator.
What first home buyers get: examples
| Example | Grant | Duty without concession | Duty you pay | Total benefit |
|---|---|---|---|---|
| New home, $600,000 | $10,000 | $31,070 | $0 | $41,070 |
| Established home, $650,000 | $0 | $34,070 | $11,357 | $22,713 |
Who's usually eligible
- You're 18 or over, and at least one buyer is an Australian citizen or permanent resident.
- You (and your partner) haven't owned a home in Australia before or received a first home grant.
- You move in within 12 months and live there for at least 6 to 12 months, depending on the scheme.
The exact rules differ between the grant and the duty concession, so check each one before you sign.
Federal schemes you can add
5% Deposit Scheme. Buy with a 5% deposit (2% for single parents) and pay no lenders mortgage insurance. There are no income limits or caps on places, but the price must be under the cap for your area: $950,000 in Victoria ($650,000 in regional areas). Estimate what you'd save with the LMI calculator.
Help to Buy. The government can take an equity share in your home, so you need a smaller loan. For 2026–27 the income limits are $103,000 for singles and $165,000 for couples and single parents. Property price caps and other conditions apply.
First Home Super Saver scheme. Save part of your deposit inside super, where it's taxed at 15%. You can contribute up to $15,000 a year and release up to $50,000 in total. Our salary sacrifice calculator shows how much you'd save.
Common questions
How much is the first home owner grant in Victoria?
It's $10,000 for an eligible new home valued up to $750,000.
Do first home buyers pay stamp duty in Victoria?
No duty on a home up to $600,000, and a reduced amount up to $750,000. This applies to new and established homes.
Is there a regional first home owner grant in Victoria?
Not any more. The $20,000 regional grant ended on 30 June 2021.
Grants in other states
General information only. Grants and concessions have detailed conditions and can change. Source: State Revenue Office Victoria; Housing Australia.