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

 

1. First Home Owner Grant (FHOG)

    

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

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

2. Stamp Duty Concessions

    

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

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

3. First Home Loan Deposit Scheme (FHLDS)

    

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

   • Eligibility: Based on income and property price caps.

4. Regional Benefits

   • 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! 🏡