16/03/2025
HEY VICTORIAN! - (2 Minute read)
First home buyers in Victoria can take advantage of a range of financial benefits designed to ease the journey into homeownership. The $10,000 First Home Owner Grant is a significant boost, offering eligible buyers a one-off payment to help cover costs when purchasing or building a new home.
In addition, there's a changed stamp duty concession available for off-the-plan purchases. This concession means that if you secure an off-the-plan property, you can enjoy substantial savings on your stamp duty, reducing your overall upfront expenses and making it more affordable to step into the property market.
Furthermore, the Victorian Homebuyer Fund shared equity scheme offers innovative support by partnering with buyers to share the equity in their new home. This scheme can help reduce the deposit requirements and mortgage burden, providing a practical pathway for first home buyers in Victoria to achieve their dream of owning a home.