Can I use the First Home Guarantee on a house and land package?

Yes — new builds are eligible, and several regions apply higher caps to newly built homes than to established ones. Apply through a participating lender before exchange.

When is the grant paid?

When lodged through an approved agent (your lender), the grant is paid at settlement or first drawdown and can count toward your deposit. Direct applications are paid after the revenue office assesses them.

First Home Buyer Schemes Victoria 2026

The Victoria assistance package for first home buyers in 2026 combines a First Home Owner Grant of $10,000 (for new homes in metropolitan Melbourne up to $750,000; regional Victorian new homes may attract a higher grant — check current regional settings), state stamp duty relief, and access to the federal Home Guarantee Scheme. House and land packages qualify across the board. Figures are current as at October 2026 — confirm with the state revenue office before you sign.

First Home Owner Grant

$10,000

For new homes in metropolitan melbourne up to $750,000; regional victorian new homes may attract a higher grant — check current regional settings. Applied for via the state revenue office or your lender as an approved agent — the lender route pays the grant at settlement.

Stamp duty

No stamp duty for first home buyers on homes up to $600,000; concessional duty $600,001–$750,000. New homes receive the most favourable treatment.

First Home Guarantee

Melbourne's First Home Guarantee cap tracks the metropolitan median — verify the current year's figure with Housing Australia. 5% deposit, no LMI.

Also worth knowing

Victoria's Homebuyer Fund (shared equity, up to 25%) supports eligible buyers with lower deposits — income and property caps apply.

How to apply in Victoria

Confirm eligibility (citizenship, prior ownership, price caps) with the state revenue office or your conveyancer.
Apply for the Home Guarantee through a participating lender or broker before signing contracts.
Route the First Home Owner Grant through your lender so it lands at settlement and counts toward your deposit.
Lodge duty concession paperwork with your transfer documents — never leave it to after settlement.

Official portal: www.sro.vic.gov.au

House and land in Victoria

Packages in Victoria

Current corridors and prices in Victoria

First Home Owner Grant guide

National grant rules and application process

Stamp duty explained

Concessions and worked examples

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Frequently asked questions

How much is the First Home Owner Grant in Victoria?: $10,000 — for new homes in metropolitan Melbourne up to $750,000; regional Victorian new homes may attract a higher grant — check current regional settings. Confirm the current amount and property cap with the state revenue office before budgeting around it.
Can I use the First Home Guarantee on a house and land package?: Yes — new builds are eligible, and several regions apply higher caps to newly built homes than to established ones. Apply through a participating lender before exchange.
When is the grant paid?: When lodged through an approved agent (your lender), the grant is paid at settlement or first drawdown and can count toward your deposit. Direct applications are paid after the revenue office assesses them.