First home buyers grant Victoria
In Victoria first home buyers who qualify for the First Home Owner Grant may be eligible for an additional payment. This additional payment is called the First Home Bonus. To be eligible to receive the Bonus payment, the value of the property must not exceed $600,000.
First home bonus and first home buyers grant applications
Get your local mortgage broker to help you find out how much you are entitled to under the first home bonus, determine your eligibilty for the first home buyer’s grants and even help you complete your applications. Simply email us the form on this page or call at any time on 13 LOAN or direct on +61 2 9249 3739 and we will contact you within 2 business hours.
How much is the first home bonus?
| Contract date | First Home Bonus Amount | Conditions |
| From 1 July 2010 to 30 June 2011 | $2000
$13,000 |
Established homes only
New homes only |
| From 1 July 2009 to 30 June 2010 | $2000
$11,000 |
Established homes only
New homes only |
| From 1 January 2007 to 30 June 2009 | $5000
$3000 |
New homes only
Established homes only |
| From 1 January 2006 to 31 December 2006 | $3000 | Established homes or new homes |
| From May 1 2004 to 31 December 2005 | $5000 | Established Homes or New Homes |
If you are buying new in regional Victoria, you may also be eligible for a First Home Bonus of $15,500. This is increasing to $19,500 from July 1, 2010.
State Revenue Office Victoria
The State Revenue Office of Victoria fully funds and administers the first home boyers grant and VIC first home buyer concessions, they can be contacted on (03) 9628 6777.
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