First home buyer grants Victoria 2026: what you actually qualify for
There's a lot of confusion about the first home buyer grant in Victoria for 2026. Between the grant, stamp duty concessions and federal schemes, it's easy to miss money you're entitled to. Here's what you actually qualify for.
The First Home Owner Grant (FHOG)
Victoria's First Home Owner Grant pays eligible buyers $10,000 when they buy or build a new home valued up to $750,000. It applies to brand-new properties — not established homes.
To claim the first home buyer grant in Victoria for 2026 you must be a first home buyer, an Australian citizen or permanent resident, and live in the home for at least 12 months.
Stamp duty exemptions and concessions
Separate from the grant, eligible first home buyers pay no stamp duty on homes up to $600,000, and a reduced rate up to $750,000. This is often worth far more than the grant itself.
Combined, the grant and duty savings can put $30,000–$40,000 back in your pocket on the right purchase.
The federal First Home Guarantee
The federal First Home Guarantee lets eligible buyers purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance, because the government guarantees part of the loan.
From 2025 the scheme widened significantly, with property price caps that suit many Melbourne suburbs. It stacks with the Victorian grant and duty concessions.
Who misses out — and common mistakes
Buying an established home means no FHOG. Buying above the price caps can cost you the duty concession. Owning property previously — even an investment — usually rules you out.
Couples need to be careful too: if one partner has owned property before, eligibility can be affected. A broker checks all of this before you commit.
How to claim everything you're entitled to
Most concessions are arranged at settlement through your conveyancer and lender, while the grant is typically lodged with your loan application. Timing and paperwork matter.
A XLOANS broker maps every grant, scheme and concession to your situation so nothing is left on the table.
Keep reading
Frequently asked questions
This page is general information only and not financial advice. Lending criteria, rates and government schemes change — speak to a XLOANS broker for advice tailored to your situation. XLOANS is a Melbourne-based mortgage broking service.
Not sure which grants you qualify for?
A XLOANS broker will map every Victorian and federal scheme to your situation — free, in a quick chat.