16 Jun

What is the First Home Owner Grant (FHOG)?

The First Home Owner Grant (FHOG) is a government initiative in Victoria aimed at helping first-time homebuyers purchase or build their first home.

Who is Eligible for the FHOG in Victoria?

To be eligible for the FHOG in Victoria, you must meet the following criteria:

  • You must be a natural person (not a company or trust).
  • At least one applicant must be a permanent resident or Australian citizen.
  • You or your spouse/partner cannot have previously owned a home or received a FHOG in any state or territory of Australia.
  • The home you are buying or building must be valued at $750,000 or less.
  • The home must be a brand-new dwelling and be used as your principal place of residence for at least 12 months.

How Much is the FHOG in Victoria?

Currently, the FHOG in Victoria provides a grant of $10,000 for eligible first-time homebuyers.

How to Apply for the FHOG in Victoria?

To apply for the FHOG in Victoria, you must submit an application through the State Revenue Office (SRO) of Victoria. You can apply online or download a paper application form from the SRO website. Make sure to provide all required documentation and meet any deadlines specified by the SRO.

Benefits of the FHOG in Victoria:

  • Helps first-time homebuyers enter the property market by providing financial assistance towards the purchase or construction of their first home.
  • Can be used in conjunction with other government incentives and concessions for eligible homebuyers in Victoria.
  • Stimulates the housing market and construction industry in Victoria by encouraging new home construction.

Additional Resources:

For more information about the FHOG in Victoria, including eligibility criteria, application process, and frequently asked questions, visit the State Revenue Office (SRO) of Victoria website or contact them directly.

Call to Action:

If you're a first-time homebuyer in Victoria looking to take advantage of the FHOG and need assistance with your home building project, contact us today. Our team of experienced professionals can guide you through the process and help you achieve your dream of homeownership.

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