If you want to apply for the FHOG, you need to: 

• Be over 18 years of age (limited exemptions available)

• Be an Australian citizen or permanent resident of Australia

• Buy the property as a person, not as a trust or company

• Have not owned a home before 1 July 2000 (applies to all applicants).

• Occupy the home as your principal place of residence within 12 months of its purchase or construction, for a period of at least six months.

• To be eligible for this grant, you need to meet certain criteria.

• This grant is only available on certain types of property with specific property value limits. 

• Eligibility criteria and grant amounts are correct as of publication^, subject to change without notice. 

• Always consult the official Victorian State Revenue Office website at www.sro.vic.gov.au for the latest information and full eligibility criteria.  

Provided you meet the above criteria, the grant can be used to help you buy an owner-occupied residential property that fits one of the following descriptions: 

• A newly-built property with a value under $750,000. 

• A land and building package with a construction contract worth under $750,000. 

• An off the plan purchase with a value under $750,000. 

Keep in mind that this amount is not per person or applicant – it’s per transaction, property, or piece of vacant land. 

So a single person, a couple or a group of friends would receive up to $10,000, no matter how many are involved in the purchase of the property or land.

To qualify for these concessions:

• First-Home Buyer Status: All purchasers must be first-home buyers and meet the eligibility criteria for the First Home Owner Grant (FHOG).

• Property Value: The property's dutiable value must be $750,000 or less.

• Principal Place of Residence (PPR): You must intend to live in the property as your primary residence for a continuous period of at least 12 months, commencing within 12 months of settlement.

• First-home buyers in Victoria can save thousands with full stamp duty exemptions on properties up to $600,000 or concessions for properties between $600,001 and $750,000.

• To qualify, you must meet criteria, including being a first-home buyer, living in the property, and meeting value limits.

• Eligibility criteria is correct as of publication^, subject to change without notice. 

• Check the official Victorian State Revenue Office website at www.sro.vic.gov.au for the latest details and eligibility requirements.

If you want to apply for the concessions, you need to: 

• Determine Eligibility: Ensure you meet all the criteria mentioned above.

• Complete the Digital Duties Form: Your conveyancer or solicitor will typically assist you in completing this form as part of the property transfer process.

• Submit Supporting Documents: Provide necessary documentation, such as proof of identity and evidence of eligibility, to the State Revenue Office (SRO) or through your representative. 

• Full Exemption: If your property's dutiable value is $600,000 or less, you may be exempt from paying stamp duty entirely.

• Concession: For properties valued between $600,001 and $750,000, a concession applies, reducing the amount of stamp duty payable. 

• Off-the-Plan Purchases: If you're buying a property off-the-plan, you may be eligible for additional concessions. The dutiable value is calculated differently, potentially offering further savings. 

• Temporary Concessions: Be aware of any temporary concessions or changes to stamp duty laws, such as the temporary off-the-plan duty concession available for contracts entered into between 21 October 2024 and 21 October 2025. 

• Low Deposit Requirement: Purchase your first home with just a 5% deposit. 

• No LMI Costs: Save thousands by avoiding LMI, typically required for deposits under 20%.

• Supported by Lenders: Access competitive loan options from a panel of participating lenders. 

To qualify for the First Home Guarantee Scheme, you must:  

• Be a First-Home Buyer: You and your partner (if applicable) must not have owned property in Australia. 

• Meet Income Limits: Individual taxable income must be $125,000 or less, or $200,000 combined for couple.
  

• Live in the Home: The property must be your primary residence.
  

• Property Value: The home must fall within the scheme's price caps:
  

- Metropolitan Melbourne: $800,000  

- Regional Victoria: $700,00  

• Check Eligibility: Review your income, property location, and value against the scheme’s criteria. 

• Speak to our Mortgage Brokers: We’ll guide you through lender options and the application process. 

• Secure Your Spot: With limited places available each year, applying early is essential. 

• The First Home Guarantee Scheme allows first-home buyers to secure a property with just a 5% deposit while avoiding LMI costs. 

• To qualify, buyers must meet specific criteria, including income limits, property value caps, and residency requirements. 

• The scheme is available through a limited number of participating lenders, offering a variety of home loan products.  

• Properties purchased off the plan may also qualify under specific conditions. 

• Eligibility requirements and scheme details are correct as of publication^, subject to change without notice. Visit the official government website below for the latest information and eligibility criteria.  

www.housingaustralia.gov.au/support-buy-home/first-home-guarantee