Do first home buyers pay stamp duty in Victoria?

Eligible first-home buyers pay no stamp duty on homes up to $600,000, and a sliding concession applies between $600,001 and $750,000. Above $750,000 normal duty applies. The home must be your principal place of residence and eligibility tests apply — check current rules with the State Revenue Office of Victoria.

Can I combine the FHOG, the stamp-duty exemption and the Home Guarantee Scheme?

Yes — if you're eligible for each, they stack. A new build under $600,000 can attract the $10,000 FHOG, zero stamp duty and a 5% deposit under the HGS at the same time. Each scheme has its own eligibility tests, which is exactly what we check on a free first call.

FIRST HOME BUYERS · VICTORIA

Buying your first home in VIC? Here's what you can stack.

Q: How much is the First Home Owner Grant in Victoria?

The Victorian FHOG is $10,000 for buying or building a new home valued up to $750,000. It applies to new homes only — established homes don't attract the grant, but they can still get the stamp-duty exemption or concession.

Q: Can I buy in Melbourne with a 5% deposit?

Often, yes. Under the expanded Home Guarantee Scheme (from 1 October 2025) there are no income caps and no place limits, and the property price cap for Melbourne and major VIC centres is $950,000. You buy with from 5% deposit and pay no LMI because the government guarantees part of the loan.

Victoria's first-home support comes in three layers — the $10k grant, the stamp-duty exemption, and the 5%-deposit Home Guarantee Scheme. Get the combination right and a Tarneit or Craigieburn first home can cost tens of thousands less upfront. We arrange it end-to-end, in English, Nepali or Hindi.

Check what I qualify for — free Stamp-duty calculator

The VIC first-home stack

Three schemes. They combine.

Figures current at June 2026 — always confirmed against State Revenue Office VIC and Housing Australia rules before we lodge anything.

Grant

$10,000 First Home Owner Grant

For buying or building a new home up to $750k — house-and-land in the growth corridors qualifies. Established homes don't get the grant (but do get the duty help below).

Stamp duty

$0 duty up to $600k

Eligible first-home buyers pay no stamp duty up to $600,000 — a saving of roughly $31,000 at the cap — with a sliding concession from $600,001 to $750,000. New or established.

Deposit

5% deposit, no LMI

Under the expanded Home Guarantee Scheme (since 1 Oct 2025): no income caps, no place limits, Melbourne price cap $950k. The government guarantees part of the loan so you skip LMI entirely.

Also worth knowing: Help to Buy — the national shared-equity scheme — can lower the bar further for eligible buyers (income and price caps apply), and VIC has periodically run off-the-plan duty concessions with their own windows. Whether they beat the standard stack depends on your numbers — we'll compare on the call.

Worked example

A $600k new build in Melbourne's west.

Say you're buying a house-and-land package in Tarneit or Werribee for $600,000 as your first home. Here's how the stack lands — and why the difference between "knowing the schemes" and "not knowing" is a five-figure number.

Indicative only — actual eligibility depends on your income, the property and the lender. We run your exact scenario before anything is lodged.

Worked example — $600k new build (VIC)

Purchase price$600,000

Stamp duty (standard)~$31,070

Stamp duty (FHB exemption)$0

FHOG (new build)+ $10,000

Deposit needed (HGS, 5%)$30,000 — no LMI

You keep upfront~$41,000+

Where we help in Victoria

Local pages for VIC suburbs we serve.

Fully online Australia-wide — phone, video and secure document upload, in English, Nepali or Hindi.

Tarneit Truganina Craigieburn Point Cook Werribee Clyde North Cranbourne Wollert Mernda All areas →

VIC first-home questions

Straight answers.

How much is the First Home Owner Grant in Victoria?

$10,000 for buying or building a new home valued up to $750,000. New homes only — established homes don't attract the grant but can still get the duty exemption or concession.

Do first home buyers pay stamp duty in VIC?

Not up to $600,000 — and a sliding concession applies from $600,001 to $750,000. Above that, normal duty applies. Residence requirements and eligibility tests apply; we confirm against current State Revenue Office rules.

Can I buy in Melbourne with a 5% deposit?

Often yes — the expanded Home Guarantee Scheme has no income caps or place limits since 1 Oct 2025, and the Melbourne price cap is $950,000. You buy from 5% deposit with no LMI.

Can I combine all three?

Yes — if you're eligible for each, they stack: a new build under $600k can get the $10k grant, $0 duty and the 5%-deposit guarantee at once. Each has its own tests — that's what the free first call sorts out.