Victoria's First Home Owner Grant is A$10,000 for a new home under A$750k. Stamp-duty exemption applies for purchases under A$600k; partial concession A$600k–A$750k. Always verify current eligibility with the State Revenue Office — rules change.
Hyperlocal does not dispense legal or tax advice — these numbers are summarised from the Victorian State Revenue Office's published guidance as a starting point for your research, not a final answer. Always verify with the SRO or a conveyancer before signing.
The First Home Owner Grant pays A$10,000 on a new home (off-the-plan or new build) under A$750k. "New" means never before lived in. The grant is tied to the purchaser, not the property — first-home buyers only.
Stamp-duty has a sliding scale of concessions: full exemption for purchases under A$600k, partial concession from A$600k to A$750k, no concession above A$750k. The buyer must occupy the home as their primary place of residence for at least 12 months.
Other things that affect the actual stamp duty: whether the property is established or off-the-plan (off-the-plan can attract dutiable-value treatment that excludes construction value), whether you qualify as a Pensioner (separate concession), whether the property is in regional Victoria (separate Regional Home Buyer Bonus historically).
Practical timing note: the rules have changed multiple times since 2020. Several thresholds were raised temporarily during COVID-era stimulus and then varied since. Confirm the current numbers and eligibility windows on the SRO website (sro.vic.gov.au) before relying on the figures here.
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