Kickstart Your Homeownership Journey with the Victoria First Home Owner Grant

Janu Dhayanathan

October 31, 2024

Kickstart your homeownership journey with the Victoria First Home Owner Grant, providing eligible first-time buyers $10,000 for new homes valued up to $750,000. Make sure you meet the eligibility criteria and reach out to a UNO Broker for expert assistance!

Are you considering purchasing or building your first home in Victoria? The First Home Owner Grant (FHOG) could be your ticket to receiving a $10,000 boost towards your dream property. If you're looking for financial assistance, here's what you need to know.

What is the First Home Owner Grant?

The FHOG offers eligible first-time buyers $10,000 when they buy or build a new home valued up to $750,000. To qualify, the property must be a new build that has never been sold or occupied before. This means you can't apply if the home has been used as a short-term rental, like Airbnb, or if it has been previously lived in.

Eligibility Criteria

To be eligible for the FHOG, you must meet the following requirements:

First-time buyer: Neither you nor your partner can have received the FHOG before or owned any residential property in Australia since 1 July 2000.
Age requirement: All applicants must be at least 18 years old at the time of settlement or completion of construction.
Residency status: At least one applicant must be an Australian citizen or permanent resident. If you are in the Australian Defence Force, you may be exempt from the residency requirement.
Occupancy requirement: You must occupy the new home as your principal place of residence for at least 12 months within 12 months of settlement or construction completion.

If you or your partner owned a property after 1 July 2000 but have never lived in it, you may still be eligible for the FHOG.

Established Homes

It's important to note that established homes do not qualify for the FHOG. However, if you meet the eligibility criteria and are buying an established home, you may be eligible for a first-home buyer duty exemption or concession, depending on the property's value.

How to Apply

Most of the time, your bank or credit union will lodge the FHOG application on your behalf. If they are not doing this, you can apply directly with the State Revenue Office Victoria online. Remember, your application cannot be submitted until the eligible transaction is complete.

Take the Next Step

Are you ready to take advantage of the First Home Owner Grant? For more assistance navigating the application process, contact a UNO Broker today. They can provide tailored advice to help you maximise your benefits and simplify your home-buying journey.

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Source: State Revenue Office Victoria

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Janu Dhayanathan

October 31, 2024

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TESTIMONIALS

What our customers are saying

Kyle Richards

October 10, 2024

Absolute legend, helped me through the first home buyers scheme, explained everything in a way that made sense, was very knowledgeable and a joy to work with.

Chloe S

October 8, 2024

Mike Parsons made it possible for us and the in laws to get 2 pretty complicated home loans. He helped us through everything and we'd be happy to use Mike and the team again for anything we needed. Thanks again!

Sam Rezai

October 2, 2024

I have gone through 6 different mortgage brokers prior to meeting Andrew Wyers. He is the most patient mortgage broker I’ve encountered and also the most knowledgable about the bank’s lending process and products available. It took me 1 year to find a house I was happy with and Andrew was always there to assist with any issues or questions I had; he always return my phone call, even on the weekends or when his away on holidays. The loan process was smooth and I had no complications. The process with Andrew was again nice and easy, he took the time to find and put together the right package that was suited to my situation. I have recommended Andrew to my family & friends and everyone have been grateful and completely satisfied with his service.

S Wilko

September 23, 2024

I had not dealt with Scott or UNO before finding them on the internet. Even as an Australian citizen living and working overseas, I knew obtaining a loan would be difficult. However, Scott went above and beyond what I expected from a mortgage broker. I genuinely don’t think you could find another company that works as hard as they did to get my home loan approved. I cannot recommend them highly enough. Everyone I dealt with at UNO were extremely professional and helpful. If you are looking for a broker, you would be mad not to give them a go. Thanks to Scott Wilkinson, Dalby Bajwa, Jena Lasquite and Andrew Pacini. Shaun.

Shan Liao

September 3, 2024

I had an outstanding experience with Tian Liu. He was incredibly professional and attentive, going above and beyond to meet my needs. His expertise and dedication made the entire process smooth and stress-free. Tian's deep knowledge of the market and commitment to finding the best solutions for his clients truly sets him apart. He was always available to answer my questions and provided invaluable guidance throughout. I highly recommend Tian Liu to anyone in need of a reliable and skilled broker!"

Nathanael Chin

September 3, 2024

Tian Liu provided exceptional service throughout the entire process. His professionalism and keen attention to detail were evident from the start. Tian consistently kept us informed and offered insightful advice that made us feel confident in our decisions. He truly cares about his clients and works tirelessly to ensure the best possible outcome. We couldn't be happier with his assistance and highly recommend Tian to anyone looking for a trustworthy and knowledgeable broker.

Patrick Winters

August 14, 2024

For the past three years, it has been an absolute pleasure to work with Mike Parsons. He has consistently helped us navigate commercial property loans with skill and efficiency. Mike’s timely and professional responses to our inquiries have been invaluable. We have built a strong, reliable relationship with him and eagerly anticipate continuing our collaboration in the future. We highly recommend his services.

Lee Robibaro

August 6, 2024

I am so thankful and grateful to have Scott Wilkinson as my broker. He not only looked after me every step from start to finish he gave me confidence and I was able to trust him and his expertise. My children and I are now happy in our new home and very appreciative of Scott's help. I will definitely be only having Scott as my broker from here onward as there is no mucking around and straightforward answers. Thanks again

Steve Mav

August 6, 2024

Scott and the whole team at uno have been amazing. Super responsive and helped us achieve a result that we couldn’t have possibly achieved on our own.

Thien Pham

August 5, 2024

Scott, Dalby and Jena were awesome to work with for my recent Home Loan, they are responsive and knowledgeable - which helped ensure a smooth purchase from pre-approvals to settlement. This is the second property I've purchased with UNO as my mortgage broker and would definitely recommend their services. Thanks again to the UNO Team for the awesome support.

Scott Hutchinson

August 5, 2024

I am writing this summary in support of recommending Mike Parsons as a Mortgage Broker. At the time of writing this, I have known Mike for 4 years and he has executed 4 mortgages deals for me (including 2 refinances) over that time. Mike has provided me incredible service as a mortgage broker as follows : - Works painstakingly on getting the scenarios together to provide you options that optimize your position. - Works inordinate hours on the detail necessary to support the scenarios. - Mike keeps you updated on the status and progress of the applications and also helps you work through answering questions and any complexities that may arise. -In my cases, given the complexities and timings of my situations , these application processes would take many weeks to finalize . Mike never gave anything other than utter commitment and focus to getting the job done. Mike acts as a true business partner throughout this whole broker /mortgage journey. I simply would only go to Mike for any future dealings on getting a loan from a bank (and as will my kids in the future !) . There is no way a bank (I have seen anyway) would provide this kind of time nor service to a customer. You can rest assured that once Mike has done the deal, you have ended up with the most optimized position taking into account all the variables/scenarios in play. Scott Hutchinson

Jason Seam

August 5, 2024

I've worked with Scott Wilkinson for my last 2 properties and he's been excellent. He sourced multiple options and didn't push a specific bank, tailoring his recommendations to me based on my requirements. I was specifically requesting a "medico loan" and Scott could navigate that extra requirement with expertise. When I was initially working with Scott, I was also trialling 2 other brokers and neither of those 2 had the same breadth of lenders, or could provide the same deals. I've referred multiple buyers to Scott and his team; one of them said to me after working with him, "how'd you find this guy, he's so good compared to all the other broker's I've worked with!" I'm going into my next purchase with Scott as my broker partner again. I recommend him to everyone

Kickstart Your Homeownership Journey with the Victoria First Home Owner Grant

What is the First Home Owner Grant?

Eligibility Criteria

Established Homes

How to Apply

Take the Next Step

Janu Dhayanathan

Try Plans by UNO

Related Articles

Make Your First Home a Reality with the NT First Home Owner Grant

How to Take Advantage of the NSW First Home Owner Grant

Unlock Your Dream Home with the QLD First Home Owner Grant

What our customers are saying