WebJul 1, 2024 · The FHOG if you meet the first home owner grant eligibility criteria and the contract price for your property was $750,000 or less. The first home buyer duty reduction if you meet the first home owner grant eligibility criteria and the dutiable value of your property (after applying the off-the-plan concession to your contract price) is ... WebSep 3, 2024 · For metro areas of Victoria the First Home Owners Grant (FHOG) is $10,000. For regional Victoria the FHOG has increased to $20,000 from 1 July 2024 until 30 June 2024. Important eligibility criteria for the Victorian FHOG: Eligible property must be a brand new home (purchase or construction) up to a maximum value of $750,000.
Off-the-plan duty concession State Revenue Office
WebJul 1, 2024 · The first home buyer duty exemption or concession may be available if: You enter into a contract of sale to buy your first home on or after 1 July 2024. Your home has a dutiable value of: $600,000 or less to receive the first home buyer duty exemption, $600,001 to $750,000 to receive the first home buyer duty concession. WebAt the same time unit prices in regional Victoria rose 32%, from $190,000 to $251,000. ... The eligibility criteria will be similar to the requirements for a bank loan. We expect to help deliver up to 100 shared equity homes in Victoria. Buy Assist is like the HomesVic scheme. Where HomesVic is a government initiative, Buy Assist is a private ... primary sterility
2024 First Home Owners (Buyers) Grant VIC - Mortgage …
WebDec 30, 2024 · You must not have owned a home or other residential property in Australia, either jointly or separately, prior to 1 July 2000. However, you may still be eligible for the … WebMar 6, 2024 · The First Home Owner Grant (FHOG) has been increased from $10,000 to $20,000 for new homes built in regional Victoria and valued up to $750,000. This applies for contracts signed from 1 July 2024 to 30 June 2024. Eligible first-home buyers of new homes in metropolitan Melbourne will continue to receive the $10,000 FHOG. More information. WebThe Victoria First Home Owners’ Grant (VIC FHOG) is a Victorian State Government initiative to help first home owners to get their ‘new’ first home sooner. It is an amount of money paid by the Victorian Government to eligible first home owners. play for kay 2023