First Home Buyers Grant Victoria (VIC)
First Home Buyers in Victoria receive an additional payment known as the First Home Bonus when purchasing or constructing properties where the value does not exceed $500,000. Eligibility criteria is similar to the first home buyers grant and the amount you recieve is dependant on the property.
First Home Buyers Grant and First Home Bonus – Applications and Eligibility
In addition to the First Home Buyers Grant and the First Home Bonus there are a number of stamp duty concessions that you may be entitled to, your local mortgage broker can help you determine your eligibility, complete your paperwork and even find out which home loan options are in your best interest. Simply call us on 13 LOAN (or direct on +61 2 9249 3739) or email us the form on this page and we will return your contact within 2 business hours.
How much is the First Home Bonus?
|
Date of Contract |
First Home Bonus Amount |
Conditions |
|
From 1 July 2009 to 30 June 2010 |
$11 000 |
New homes only |
|
From 1 July 2009 to 30 June 2010 |
$2000 |
Existing homes |
|
From 1 January 2007 to 30 June 2009 |
$5000 |
New homes only |
|
From 1 January 2007 to 30 June 2009 |
$3000 |
Established homes only |
|
From 1 January 2006 to 31 December 2006 |
$3000 |
Established homes or new homes |
|
From May 1 2004 to 31 December 2005 |
$5000 |
Established Homes or New Homes |
Regional Bonus
If you are building or buying a newly constructed home in regional Victoria, you may be eligible for an additional $4 500, on top of the $11 000 bonus.
More information and home loan help
For more information on how and where to find a better home loan deal from an extensive panel of Australian banks and secure mortgage lenders, or to speak to your local area mortgage expert, contact us on 13 LOAN (direct +61 2 9249 3739)
