First Home Owner Grant (FHOG) Victoria
$10,000 Towards Your New Home
Victoria’s First Home Owner Grant gives eligible first home buyers $10,000 towards a brand new home. When combined with Victoria’s generous stamp duty concessions and federal schemes, it adds up to serious savings.
Here’s your complete guide to the VIC FHOG.
What Is the Victoria First Home Owner Grant?
The Victorian FHOG is a one-off $10,000 payment from the Victorian Government for first home buyers purchasing or building a new home valued at up to $750,000.
Key facts:
- Amount: $10,000
- Property type: New homes only
- Property value cap: $750,000
Eligibility Requirements
You Must:
- Be at least 18 years old
- Be an Australian citizen or permanent resident (at least one applicant)
- Never have owned residential property in Australia (you or your spouse/partner)
- Buy or build a new home in Victoria valued at $750,000 or less
- Move in within 12 months and live there as your principal residence for 12 continuous months
Important Differences from QLD:
- Victoria requires 12 months of continuous residence (QLD requires 6 months)
- Victoria’s grant amount is $10,000 (QLD is $30,000)
- Victoria’s stamp duty concessions are particularly generous, which helps offset the lower grant amount
How to Apply for the First Home Owner Grant Victoria
Through Your Lender
The most common method. Your mortgage broker or bank includes the FHOG application with your home loan paperwork. The grant is then paid at settlement.
Directly Through the SRO
If you’re not borrowing, you can apply through the State Revenue Office Victoria after settlement or construction completion.
Documents Required
- Proof of identity
- Contract of sale or building contract
- Builder’s declaration that the home is new
- Proof of citizenship or permanent residency
Making the Victoria First Home Owner Grant Work Harder
While $10,000 is helpful on its own, the real strategy is stacking it:
FHOG + Stamp Duty Exemption
First home buyers in VIC purchasing a property under $600,000 pay no stamp duty at all. For properties between $600,001 and $750,000, a concession applies. This alone can save you $15,000–$30,000.
FHOG + First Home Guarantee
Use the NHG to buy with just 5% deposit and skip LMI. Combined with the FHOG and stamp duty exemption, you could save $40,000+ on upfront costs.
FHOG + FHSS
Use the First Home Super Saver Scheme to grow your deposit faster through super, then add the FHOG on top.
For a $750,000 new home in Victoria with a 5% deposit:
Saving | Amount |
|---|---|
FHOG | $10,000 |
Stamp duty exemption (under $750K) | ~$28,000 saved |
LMI avoided (via NHG) | ~$20,000 saved |
Total savings | ~$58,000 |
That’s $58,000 you keep in your pocket compared to buying an existing home without any schemes.
New Build Areas in Victoria
Victoria has several growth corridors where new-build house and land packages sit comfortably under the $750,000 FHOG threshold:
- Western suburbs: Melton, Wyndham Vale, Tarneit
- Northern corridor: Craigieburn, Mickleham, Kalkallo
- South-east: Clyde, Officer, Pakenham
- Regional: Geelong, Ballarat, Bendigo
Low Deposit Homes works with builders across these areas to offer quality packages within the grant thresholds.
Common Pitfalls
1. Buying established property
No FHOG for existing homes, no matter how renovated
2. Not living in the home for 12 months
Victoria’s residency requirement is longer than QLD’s
3. Partner previously owned property
If your spouse owned a home before, even before your relationship, you may be ineligible
4. Exceeding the $750K cap
Upgrades and variations can push a build over the threshold
How Low Deposit Homes Helps!
We help Victorian first home buyers find quality new-build packages under $750K, access every grant available, and navigate the process from go to whoa.
Curious what you could save? Book a free 15-minute consultation, we’ll calculate your VIC grants and show you real options
Frequently Asked Questions
Can I renovate an existing home and get the VIC FHOG?
Generally no. The FHOG applies to new homes, not substantially renovated existing homes (though there are narrow exceptions for demolish-and-rebuild projects). A new-build house and land package is the clearest path to eligibility.
When is the $10,000 FHOG paid in Victoria?
If applying through your lender, it’s typically paid at settlement and factored into your transaction. If applying directly, it’s paid after you’ve met the residency requirements.
Can I get the VIC FHOG and stamp duty exemption together?
Yes! These are separate schemes and can absolutely be combined. For a new home under $750,000 you could receive the $10,000 FHOG and pay zero stamp duty.
The VIC FHOG amount referenced is $10,000 for new homes under $750,000. Verify the current amount on the State Revenue Office Victoria website before making financial decisions.