How To Buy Your First Home Victoria

If you are buying a home in regional victoria and you are eligible for a first home owner grant you may qualify for a first home owner grant of 20 000.

How to buy your first home victoria. First home owner grant fhog for new builds. Have a conveyancer solicitor inspect the contract of sale which includes a section 32 statement. First home owner grant doubled in regional victoria. Find out in this comprehensive guide. Buying your first home is an exciting time but it can also be challenging if you don t know where to start.

If the home is being sold by private sale you need to make an offer in writing. Arrange for a registered building practitioner to inspect a potential home and provide a report. First home buyer duty exemption or concession contracts dated on or after 1 july 2017 if you enter into a contract to buy your first home on or after 1 july 2017 you may be eligible for a one off duty exemption for a ppr valued up to 600 000 or a concession for a ppr with a dutiable value from 600 001 to 750 000. A 10 000 first home owner grant fhog is available when you buy or build your first new home. This increased first home owner grant will be available for regional first home buyers of new homes valued up to 750 000.

First home buyer s guide for victoria. If you are buying your first home in victoria here are some essential facts you need to know as the victorian government has made some changes recently. Your first home can be a house townhouse apartment unit or similar. Why first home buyers don t need to compromise. Add up your extra costs such as stamp duty conveyancing fees inspection fees and rates.

Victoria has two options for their first home owner grant fhog. Know what concessions or grants you qualify for. Here are some examples of best prospects. A payment of 10 000 is available to eligible first home buyers who buy or build their new home valued up to 750 000. Buying your first home in a strong growth market like melbourne is hard but not impossible.

The fhog is 20 000 for new homes built in regional victoria for contracts signed from 1 july 2017 to 30 june 2021 read information about fhog amounts available before 1 july 2013.