Are you a First Home Buyer in Victoria?

If you're buying your first home in Victoria, Australia, you can take advantage of several key benefits:

1. First Home Owner Grant (FHOG)

   1. Up to $10,000 for new homes or homes under construction.

   2. Eligibility: Australian citizens or permanent residents purchasing a new property.

   
   

2. Stamp Duty Concessions

   1. Full Exemption: For homes valued up to $600,000.

   2. Concession: For homes valued between $600,000 and $750,000.

   
   

3. First Home Loan Deposit Scheme (FHLDS)

   1. Buy with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

   2. Eligibility: Based on income and property price caps.

   
   

4. Regional Benefits

   1. Additional incentives for buying in regional Victoria, including higher grants and concessions

Tips: Check eligibility criteria and consult with a financial broker to make the most of these benefits. Happy house hunting! 🏡