Assisting first home buyers

We administer two key Victorian Government initiatives that aim to help Victorians buy or build their first home:

  • First home buyers who build or buy a new home are eligible for a $10,000 First Home Owner Grant.
  • First home buyers don’t pay stamp duty if they purchase a property for $600,000 or less. They receive a concession if they buy a property valued at less than $750,000.

First Home Owner Grant

The First Home Owner Grant (FHOG) continues to help Victorians buy or build their first home.

Each year, the number of grants paid has consistently increased – this year, an increase in applicants of 29.4% from the previous year saw us process 22,099 grants, totalling $274.3 million.

 

Top 10 FHOG postcodes 2020-21

No. Postcode Suburb Applications
1 3064 Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park 1899
2 3029 Hoppers Crossing, Tarneit, Truganina 1754
3 3978 Cardinia, Clyde 1164
4 3217 Charlemont, Armstrong Creek, Mount Duneed, Freshwater Creek  902
5 3977 Cranbourne, Botanic Ridge, Cannons Creek, Devon Meadows, Skye    713
6 3750 Wollert 685
7 3338 Melton South, Cobblebank, Brookfield 668
8 3030   Cocoroc, Derrimut, Point Cook, Quandong, Werribee    648
9 3335 Rockbank, Plumpton, Thornhill Park 637
10 3336 Aintree, Deanside, Fraser Rise 601
    TOTAL 9671

Top 10 FHOG metropolitan Melbourne postcodes 2020-21

No. Postcode Suburb Applications
1 3064 Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park 1899
2 3029 Hoppers Crossing, Tarneit, Truganina 1754
3 3978 Cardinia, Clyde 1164
4 3977 Cranbourne, Botanic Ridge, Cannons Creek, Devon Meadows, Skye 713
5 3750 Wollert 685
6 3338 Melton South, Cobblebank, Brookfield 668
7 3030 Cocoroc, Derrimut, Point Cook, Quandong, Werribee 648
8 3335 Rockbank, Plumpton, Thornhill Park 637
9 3336 Aintree, Deanside, Fraser Rise 601
10 3024 Mt Cottrell, Wyndham Vale 578
    TOTAL 9347

Top 10 FHOG regional Victoria postcodes 2020-21

No. Postcode Suburb Applications
1 3217 Charlemont, Armstrong Creek, Mount Dundeed, Freshwater Creek 902
2 3350 Alfredton, Ballarat, Canadian, Invermay Park, Mt Clear, Mt Helen 318
3 3756 Chintin, Darraweit Guim, Hidden Valley, Upper Plenty 275
4 3551 Arnold, Ascot, Axe Creek, Bagshot, Cornella, Epsom, Huntly, Kimbolton 231
5 3340 Bacchus Marsh, Darley, Maddingley, Merrimu 229
6 3212 Avalon, Lara, Point Wilson 215
7 3820 Warragul, Bona Vista 167
8 3691 Baranduda, Bethanga, Gundowring, Killara, Leneva, Ornornes Flat, Tangambalanga 155
9 3216 Belmont, Grovedale, Highton, Marshall, Wandana Heights, Waurn Ponds 147
10 3844 Blackwarry, Callignee, Carrajung, Flynn, Koornalla, Loy Yang, Mount Tassie, Traralgon, Tyers 144
    TOTAL 2783

Stamp duty discounts

This year, the number of first home buyers accessing stamp duty exemptions (for properties valued at $600,000 or less) and concessions (for properties valued at up to $750,000) increased again:

  • 43,888 first home buyers paid no stamp duty at all, an increase of 31% from last year.
  • 10,092 first home buyers transactions received a concession, an increase of 25.6% from last year.

The total value of 53,980 stamp duty concessions and exemptions was $885 million.

 

 
 
$274.3M First Home Owner Grants 2019-20
$210.5M First Home Owner Grants 2019-20
$885.0M First Home Buyer Duty Savings 2020-21
$724.2M First Home Buyer Duty Savings 2019-20