What's available to you in Victoria
$10,000 Grant
For new homes under $750k
Zero Stamp Duty
Complete exemption up to $600k
New & Existing
Stamp duty relief for all property types
Victoria's advantage: Unlike most states, you get stamp duty relief whether you buy new OR existing - giving you way more choice in the market.
National schemes you can pair with VIC
Nationwide| Scheme | Deposit | Who it suits | Key benefit |
|---|---|---|---|
| First Home Guarantee (HGS) | 5% | First home buyers (or not owned in 10 years) | Avoid LMI via government guarantee |
| Family Home Guarantee | 2% | Single parents/guardians with a dependent | No LMI; not restricted to first home |
| Help to Buy (shared equity, forthcoming) | 2%+ | Low‑to‑middle income buyers | Government equity lowers loan size and repayments |
| First Home Super Saver (FHSS) | — | Savers building a deposit | Tax‑advantaged savings via super |
Victoria has enabling legislation for Help to Buy scheme. Check current income/price caps and availability with Housing Australia or your broker.
VIC Home Guarantee Scheme Property Price Caps
Regional centres include Geelong. Updated October 2025.
Victoria programs
First Home Owner Grant (new homes)
- Grant: $10,000 for new homes.
- Property cap: Up to $750,000 value.
- Includes: New builds and off-the-plan purchases.
- Residency: Must occupy as principal place of residence.
Stamp duty relief
- Full exemption: Up to $600,000 for new and existing homes.
- Tapered concession: From $600,001 to $750,000.
- Coverage: Both new and established properties qualify.
- Off-the-plan: Extended concession until October 2026.
Victoria stamp duty savings examples
Stamp duty relief applies to both new and existing homes, giving you flexibility in property choice.
Your pathway to combining supports
How to stack Victoria's flexible benefits with national programs
Build your deposit faster
Use First Home Super Saver for tax-efficient savings. Target 5% for HGS or 2% if you're a single parent.
Get the government guarantee
Apply through your broker for Home Guarantee Scheme - avoid LMI with just 5% down.
Claim Victorian benefits
Buying new? Get the $10k grant. Either way, enjoy stamp duty relief on new OR existing homes.
Note: Victoria's flexibility means you have more property options. Work with a broker to time everything and maximise your benefits.
Victoria market insights
Melbourne metro opportunities
- Stamp duty sweet spot: Properties up to $600k get full exemption
- New developments: Off-the-plan buyers get extended concessions until Oct 2026
- Growing corridors: Outer metro areas offer better value within caps
- Apartment market: Strong new apartment supply with FHOG eligibility
Regional Victoria benefits
- Regional HGS: Access to dedicated regional guarantee places
- Better value: Higher chance of staying within stamp duty exemption thresholds
- Growth areas: Geelong, Ballarat, Bendigo offer strong prospects
- Lifestyle benefits: Regional living with city accessibility via transport links
Important things to know
The details that matter for your Victoria application
You need to live there
Must be your main home for at least 12 months. Keep records to prove residency.
True first-timer only
Neither you nor your partner can have owned property anywhere in Australia before.
Property price caps
$10k grant only for new homes under $750k. Stamp duty relief caps at $750k for both new and existing.
Contract timing matters
Eligibility is determined when you sign the contract, not when you settle. Get advice first.
Help to Buy is coming
Victoria's shared equity scheme launches late 2025 - could be a game-changer for deposit requirements.
Ready for your Victorian strategy?
We'll help you navigate Victoria's programs, calculate your stamp duty savings, and coordinate all applications for maximum benefit.