Asked by: Sokayna Talovirkoasked in category: General Last Updated: 14th March, 2020
How much is the first home owners grant Melbourne?
Thereof, how much is the first home owners grant VIC 2019?
1. You can receive up to $20,000 with the FHOG. If you are buying or building a new home valued up to $750,000, you may be eligible for a First Home Owner Grant (FHOG). If you are eligible for the FHOG and the home you are buying is in regional Victoria, you will receive $20,000.
Subsequently, question is, how much is the Fhog? Jump to. A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home. The FHOG is $20,000 for new homes built in regional Victoria, for contracts signed from 1 July 2017 to 30 June 2020. (Read information about FHOG amounts available before 1 July 2013.)
Keeping this in view, how much is the first home owners grant in Victoria?
In Victoria, the grant currently gives eligible first homeowners: $10,000 towards buying or building a new property up to the value of $750,000; and. $20,000 if that property is a newly built home in a regional area, and contracts were signed between 1 July 2017 and 30 June 2020.
How do I claim my first home owners grant in Victoria?
To be eligible, for the First Home Owner Grant, at least one of the applicants must also:
- Intend to live in the home as their principal place of residence (PPR) for at least 12 continuous months, starting within 12 months of settlement or completion of construction;
- Be aged 18 or over (discretionary);