|
  Translate This Website or call
for assistance Buy > First Home Owners Scheme
First Home Owners Scheme
If you are a first home owner you may be entitled to receive one or more of the following:
* First Home Owner Grant (the Grant), * First Home Bonus (the Bonus), * First Home Owner Boost (the Boost) (for contracts entered into on or after 14 October 2008 and before 1 January 2010). * A regional bonus First Home Owner Grant The First Home Owner Grant provides eligible first home buyers with a $7000 grant. This grant is not means-tested nor is it restricted by the price of the property for contracts entered into prior to 1 January 2010. For contracts entered into on or after 1 January 2010, the grant will only be payable where the price of the property or construction of the home does not exceed $750,000. An exception to this requirement is where the contract relates to a home that is on, or to be built on, primary production land. First Home Bonus 1 July 2010 to 30 June 2011 (contract date) If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $13,000 (for new homes only), known as the First Home Bonus (the Bonus). To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000. 1 July 2009 to 30 June 2010 (contract date) If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only). To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000. 1 January 2007 to 30 June 2009 (contract date) If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only). To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000. Regional Bonus 1 July 2010 to 30 June 2011 (contract date) For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $6,500 regional bonus is also available (in addition to the $13,000 bonus). 1 July 2009 to 30 June 2010 (contract date) For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 regional bonus is also available (in addition to the $11,000 bonus). 6 May 2008 to 30 June 2009 (contract date) For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 regional bonus is also available (in addition to the $5000 bonus). First Home Owner Boost Please Note: The First Home Owner Boost ceased to apply for contracts entered into on or after 1 January 2010. The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7000. The Boost provides: 1 October 2009 to 31 December 2009 (contract date) * an extra $3500 to first home buyers who purchase an established home; and * an extra $7000 to first home buyers who build a new home or purchase a newly constructed home. 14 October 2008 to 30 September 2009 (contract date) * an extra $7000 to first home buyers who purchase an established home; and * an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home. Visit http://www.sro.vic.gov.au for more information.  |
|
|
|
