Does your council qualify for a $20k First Home Owner Grant?
The First Home Owner Grant (FHOG) for regional new home purchases will double to $20,000. This is for contracts signed between 1 July 2017 to 30 June 2020. As with current FHOG rules this will only be available to purchases valued up to $750,000. The purchaser and purchaser’s partner must be first home buyers consistent with the definition under the First Home Owner Grant Act 2000 and the purchased property must be used as the purchaser’s primary place of residence for a continuous period of 12 months, starting within 12 months of possession of the purchased property.
Regional councils where first home buyers will qualify for the $20,000 FHOG:
- Alpine Shire Council
- Ararat Rural City Council
- Ballarat City Council
- Bass Coast Shire Council
- Baw Baw Shire Council
- Benalla Rural City Council
- Buloke Shire Council
- Campaspe Shire Council
- Central Goldfields Shire Council
- Colac Otway Shire Council
- Corangamite Shire Council
- East Gippsland Shire Council
- Gannawarra Shire Council
- Glenelg Shire Council
- Golden Plains Shire Council
- Greater Bendigo City Council
- Greater Geelong City Council
- Greater Shepparton City Council
- Hepburn Shire Council
- Hindmarsh Shire Council
- Horsham Rural City Council
- Indigo Shire Council
- Latrobe City Council
- Loddon Shire Council
- Macedon Ranges Shire Council
- Mansfield Shire Council
- Mildura Rural City Council
- Mitchell Shire Council
- Moira Shire Council
- Moorabool Shire Council
- Mount Alexander Shire Council
- Moyne Shire Council
- Murrindindi Shire Council
- Northern Grampians Shire Council
- Pyrenees Shire Council
- Borough of Queenscliffe
- South Gippsland Shire Council
- Southern Grampians Shire Council
- Strathbogie Shire Council
- Surf Coast Shire Council
- Swan Hill Rural City Council
- Towong Shire Council
- Wangaratta Rural City Council
- Warrnambool City Council
- Wellington Shire Council
- West Wimmera Shire Council
- Wodonga City Council
- Yarriambiack Shire Council
Eligible first-home buyers of new homes in metropolitan Melbourne will continue to receive the $10,000 FHOG. Prospective first home buyers can contact the State Revenue Office on 13 21 61 to find out more about their eligibility.
Additionally, given the complexity of property transactions, it’s advisable to consider enlisting the services of a conveyancer. Conveyancers are experts in managing the legal aspects of property purchases, and having one by your side can greatly facilitate the entire home-buying process, helping you avoid potential pitfalls and ensuring a legally sound transaction.
Source: www.sro.vic.gov.au/fhogchanges
If you are looking for Conveyancing in Brisbane, you can try our services for satisfactory service at a reasonable price. We also provide Property Conveyancing in Melbourne. Give us a call to receive more information.
FAQ
1. How much is the First Home Owners Grant VIC?
When you purchase or construct your initial brand-new residence, you can receive a $10,000 grant as a first-time homebuyer.
2. How to apply for First Home Owner Grant VIC?
To apply for the First Home Owner Grant in Victoria, you can follow these steps:
Complete the FHOG application form.
Gather the required documents.
Lodge your application with the State Revenue Office of Victoria.
Await processing and approval.
3. Is there stamp duty for first home buyers in Victoria?
For Victorians purchasing their first home, the government of Victoria provides a stamp duty exemption for properties, whether new or existing, valued at up to $600,000, along with a discount for homes valued at up to $750,000.
4. First Home Owners Grant VIC eligibility?
Your first home can be a house, townhouse, apartment, or unit, but it must be valued at $750,000 or less and be a new home, sold for the first time, and less than five years old.