First Home Buyer Grants in Victoria
The grant, the stamp duty rules, and the federal schemes that Victorian first home buyers can use in 2026, explained simply and shown as a single figure.
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What help can a first home buyer get in Victoria?
Victorian first home buyers may be entitled to several forms of help that often stack together. The main ones are the $10,000 First Home Owner Grant, a stamp duty exemption or concession, and the federal schemes such as the First Home Guarantee, Help to Buy and the First Home Super Saver Scheme.
How much is the First Home Owner Grant in Victoria?
The First Home Owner Grant in Victoria is $10,000 for eligible first home buyers who buy or build a new home valued up to $750,000. There is no income test. It does not apply to established homes.
| Feature | VIC |
|---|---|
| Grant amount | $10,000 |
| Property price cap | New homes valued up to $750,000 |
| Administered by | State Revenue Office Victoria |
Do first home buyers pay stamp duty in Victoria?
Eligible first home buyers in Victoria pay no stamp duty on a home valued up to $600,000, and a reduced amount on homes valued between $600,001 and $750,000, whether new or established. Above $750,000 standard duty applies.
The duty exemption and concession apply to both new and established homes up to the thresholds, so even buyers who choose an established home can still save a meaningful amount.
Federal schemes for Victoria first home buyers
On top of any state help, Victoria first home buyers can use the First Home Guarantee, which lets eligible buyers purchase with a 5 percent deposit and pay no lenders mortgage insurance, with a property price cap of $950,000 in Melbourne and Geelong, and $650,000 in the rest of Victoria. There is also Help to Buy shared equity and the First Home Super Saver Scheme.
In Victoria the federal Help to Buy shared equity scheme is now the main shared equity pathway, after the Victorian Homebuyer Fund closed to new applicants. The government can take a stake of up to 40 percent of a new home, which reduces your loan. Income and place limits apply.
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First home buyer grants in Victoria: top questions
How much is the first home buyer grant in Victoria?
The First Home Owner Grant in Victoria is $10,000 for eligible first home buyers who buy or build a new home valued up to $750,000. There is no income test. It does not apply to established homes.
Is there a property price cap on the Victoria grant?
Yes. The $10,000 Victorian grant applies to new homes valued up to $750,000. Above that the grant is not available, though the stamp duty rules and federal schemes may still help.
Do first home buyers pay stamp duty in Victoria?
Eligible first home buyers in Victoria pay no stamp duty on a home valued up to $600,000, and a reduced amount between $600,001 and $750,000, whether new or established. Above $750,000 standard duty applies.
Can I get the grant on an established home in Victoria?
Not the grant, which is new homes only. But Victoria applies its stamp duty exemption up to $600,000 and concession to $750,000 to established homes as well, so an established buyer still benefits there.
Is the Victorian Homebuyer Fund still available?
The Victorian Homebuyer Fund has closed to new applicants. The main shared equity pathway in Victoria is now the federal Help to Buy scheme, where the government can take a stake of up to 40 percent of a new home.
Can first home buyers use the First Home Guarantee in Victoria?
Yes. The First Home Guarantee lets eligible buyers purchase with a 5 percent deposit and pay no lenders mortgage insurance. The Victoria price cap is $950,000 in Melbourne and Geelong, and $650,000 in the rest of Victoria.
Do I have to live in the home to receive the grant in Victoria?
Yes. First home owner grants are for owner occupiers, so at least one buyer must move in and live there as their main home for a continuous period, generally starting within 12 months of settlement or completion.
Who is eligible for the first home buyer grant in Victoria?
You generally must be a person rather than a company or trust, be at least 18, and at least one buyer must be an Australian citizen or permanent resident. You and your partner must not have owned residential property in Australia or received the grant before.
How do I apply for the grant in Victoria?
Most people apply through an approved agent, usually their lender, at the same time as the home loan, with the help arranged at settlement or the first construction payment. You can also apply directly to the State Revenue Office Victoria within the allowed time.
Can I combine the grant with other schemes in Victoria?
Often yes. A first home buyer building a new home in Victoria can frequently use the state help, the stamp duty rules and the federal First Home Guarantee at the same time. Some schemes are means tested or interact differently.
When is the first home buyer help paid in Victoria?
When you buy a completed new home the help is generally applied at settlement. When you have a building contract it is usually applied at the first construction progress payment. The timing depends on whether you are buying or building.
What counts as a new home for the Victoria grant?
A new home is one that has not previously been lived in or sold as a place of residence. That includes a brand new build, an off the plan apartment, and a house and land package. Established homes that have been lived in before do not qualify.
How does Help to Buy work for Victoria buyers?
Help to Buy is a federal shared equity scheme available in Victoria. The government contributes up to 40 percent of the price of a new home or 30 percent of an existing home for an equity share, which reduces your loan. Income and place limits apply.
Can I use the First Home Super Saver Scheme in Victoria?
Yes. The First Home Super Saver Scheme is federal and available in Victoria. You can withdraw up to $50,000 of eligible voluntary super contributions, plus earnings, towards your deposit, subject to the scheme rules.
Can I get the grant on an off the plan apartment in Victoria?
Yes. An off the plan apartment or townhouse counts as a new home, so it can qualify for the Victoria first home buyer help, as long as it has not been previously occupied and you meet the other criteria.
General information only. This page provides general information based on first home buyer settings current in 2026. It is not financial advice, a quote, or a guarantee, and your personal circumstances have not been considered. Grant amounts, caps, eligibility and scheme places change and vary by circumstance, and some help applies only to new homes. Always confirm current grants and your eligibility with the State Revenue Office Victoria, Housing Australia, or a licensed mortgage broker. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.