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First Home Owners Grant Update


First Home Owners Grant Update

 

Contract Date (1 July 2010 - 30 June 2012)

ConditionsFirst Home Owner Grant (FHOG)First Home BonusFirst Home Owner Regional BonusTotal
Established homes only $7,000# $0.00 $0.00 $7,000
Newly constructed homes in Metropolitan Victoria only $7,000# $13,000* $0.00 $20,000
Newly constructed homes in Regional Victoria only $7,000# $13,000* $6,500* $26,500
#For contracts entered into after 1 January 2010, to qualify for the Grant, the price of the property or construction of the home must not exceed $750,000.
*For contracts entered into between 1 July 2009 to 30 June 2012, to qualify for the Bonus, the value of the property must not exceed $600,000.

 

Refer also to Article on Stamp Duty Reductions at  
http://www.accessloans.com.au/articles/127-access-loans-stamp-duty-slashed.html

Please contact our office or the S.R.O. for further information or clarification

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Whilst every effort has been taken to ensure accuracy of above information, please refer to www.sro.vic.gov.au to undertake your own research and due diligence as to accuracy of information as well as to protect yourself from any changes/updates since this document was prepared. Conditions apply and some applicants may not qualify.