First Home Buyer Grant in Melbourne 2023: How to Claim $10,000

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First Home Buyer Grant in Melbourne 2023 How to
Claim 10,000
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1. The Victorian Government offers a 10,000
First Home Owner Grant in Melbourne to help first
home buyers purchase their first new home in
Melbourne. The grant is available for homes
valued up to 750,000 and must be purchased on or
after 1 July 2023.
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To be eligible for the FHOG, you must
1. Be an Australian citizen or permanent resident
2. Be aged 18 or over
3. Not have owned or occupied a property in the
past five years
4. Occupy the new home as your principal place of
residence for at least 12 months
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You can apply for the FHOG online or by mail. The
application form is available on the State
Revenue Office website.
Here are some additional things to keep in mind
when applying for the FHOG
1. The grant is not available for investment
properties or holiday homes.
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2. The property must be a new home that has never
been lived in before.
3. The contract price of the property must be
750,000 or less. You must apply for the grant
within 12 months of settlement.
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Here are some other government incentives for
first home buyers in Melbourne
1.Stamp duty concessions First home buyers may
be eligible for stamp duty concessions on the
purchase of a new home. The amount of the
concession depends on the purchase price of the
property.
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2. Homebuyer Fund The Homebuyer Fund is a shared
equity scheme that can help first home buyers
with a deposit. The Victorian Government will
contribute up to 25 of the purchase price of a
property, in exchange for an equivalent share in
the property.
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3. First Home Loan Deposit Scheme The First Home
Loan Deposit Scheme is a government-backed scheme
that can help first home buyers with a deposit.
The scheme allows eligible first home buyers to
purchase a property with a deposit of as little
as 5.