Grants
First home buyer grants and schemes can make a real difference, but it is not always easy to know what applies to you.
Grants mayde simple.
This page explains the main support options for first home buyers in Victoria, including the First Home Owner Grant, stamp duty concessions and the 5% Deposit Scheme, so you can get a clearer idea of what to check next.
Eligibility depends on your personal circumstances, the property you choose and current government requirements, so it is always worth checking the latest rules or speaking with a finance specialist.
What grants and support are available for first home buyers In Victoria?
There are a few key support options first home buyers may be able to access when buying or building in Victoria.
These may include:
- First Home Owner Grant
- First home buyer stamp duty exemption or concession
- 5% Deposit Scheme
- Other support depending on your circumstances
Not every buyer will be eligible for every option, so it is important to understand the basics before you choose a property or package.
First Home Owner Grant Victoria
The First Home Owner Grant is a $10,000 payment for eligible first home buyers buying or building a new home in Victoria.
According to the Victorian State Revenue Office, the grant applies to eligible new homes valued up to $750,000. The home must be new, not previously sold or occupied as a home, and used as your principal place of residence. You can read the current rules on the State Revenue Office Victoria website.
This may apply to:
- A newly built house
- A townhouse
- An apartment or unit
- A house and land package
- A substantially renovated home, where eligible
For Mayde buyers, this means the grant may be relevant if you are building a new home or buying an eligible house and land package within the required threshold.
Stamp duty concessions for first home buyers
First home buyers in Victoria may also be eligible for a land transfer duty, commonly known as stamp duty, exemption or concession.
The Victorian State Revenue Office states that eligible first home buyers pay no duty on homes with a dutiable value up to $600,000. For homes valued from $600,001 to $750,000, a reduced duty amount may apply on a sliding scale. This can apply to a new home, established home or vacant land intended for building your first home. You can view the current details on the State Revenue Office Victoria website.
This is important to check early, because stamp duty can affect the upfront costs of buying your first home.
5% deposit scheme
The 5% Deposit Scheme is an Australian Government initiative that may help eligible first home buyers purchase sooner with a smaller deposit and avoid Lenders Mortgage Insurance.
Housing Australia notes that from 1 October 2025, the scheme has unlimited places, no income caps and higher property price caps. First home buyers who have saved a 5% deposit may be able to apply through a participating lender. You can read more on the Housing Australia website.
This scheme does not mean every buyer will be approved for a loan. Your lender will still assess your situation, borrowing capacity and the property you want to buy.
Can grants apply to house and land packages?
In some cases, yes. First home buyer support may apply when you are buying or building a new home, including some house and land packages, as long as you meet the relevant eligibility criteria.
Things that may matter include:
- Whether the home is new
- The total property value
- Whether you will live in the home
- Your previous property ownership history
- The contract type and timing
- Lender and government requirements
If you are looking at a Mayde house and land package, it is worth asking early whether first home buyer support may apply.
What should you check first?
Before assuming you are eligible, it is worth checking a few key things.
First home buyer grants checklist:
- Are you buying or building your first home?
- Are you buying as an individual, couple or joint buyer?
- Is the property new?
- Have you checked the latest government rules?
- Will you live in the home?
- Have you spoken with a broker, lender or finance specialist?
- Does the property meet the value threshold?
- Get clear on the next step
This page is a starting point only. Government rules can change, and eligibility depends on your personal situation.
How mayde can help
Mayde does not provide financial advice, but we can help you understand the general first home buyer pathways and connect you with finance specialists who can talk through your situation.
We can help you:
- Understand what support may be worth looking into
- Explore eligible house and land packages
- Compare home designs and locations
- Ask the right questions early
- Connect with finance support
FAQs.
What is the First Home Owner Grant in Victoria?
The First Home Owner Grant is a $10,000 payment for eligible first home buyers buying or building a new home in Victoria, subject to government eligibility requirements.
Can I use the First Home Owner Grant with a Mayde home?
It may be possible if the home or house and land package meets the current eligibility requirements, including property value, new home rules and residency requirements.
What is the 5% Deposit Scheme?
The 5% Deposit Scheme is an Australian Government initiative that may help eligible first home buyers purchase with a 5% deposit and avoid Lenders Mortgage Insurance through a participating lender.
Do first home buyers pay stamp duty in Victoria?
Eligible first home buyers may pay no stamp duty on homes valued up to $600,000. A concession may apply for homes valued from $600,001 to $750,000.
Do grants apply to house and land packages?
They can, depending on the package, property value, contract structure and your eligibility. It is best to check before signing.
Can Mayde tell me what I am eligible for?
Mayde can explain the general pathways and connect you with finance support, but eligibility should be confirmed with a broker, lender or the relevant government body.
Not sure what support could apply to you?
Tell us where you are at, and we’ll help you understand what to check next.
