First home buyer guide
First Home Buyer Guide VIC 2025-26
Complete first home buyer guide for Victoria. Stamp duty concessions, First Home Owner Grant, FHSS eligibility, and savings calculator for VIC in 2025-26.
Stamp duty concessions FHOG + FHSS
What first home buyers get in VIC
→ Full stamp duty exemption on properties up to $600,000
→ Concessional stamp duty on properties between $600,000 and $750,000
→ $10,000 First Home Owner Grant for new homes up to $750,000
→ Principal Place of Residence (PPR) concession available for non-FHB owner-occupiers
→ FHSS scheme available to boost your deposit savings through super
Stamp duty — first home buyer vs standard
See how much you could save on stamp duty as a first home buyer in Victoria.
| Property price | Standard duty | FHB duty | You save |
|---|---|---|---|
| $400k | $19,070.00 | $0.00 | $19,070.00 |
| $500k | $25,070.00 | $0.00 | $25,070.00 |
| $600k | $31,070.00 | $0.00 | $31,070.00 |
| $700k | $37,070.00 | $24,713.33 | $12,356.67 |
| $800k | $43,070.00 | $43,070.00 | — |
| $900k | $49,070.00 | $49,070.00 | — |
| $1M | $55,000.00 | $55,000.00 | — |
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FAQ
What is the difference between the FHB exemption and PPR concession in Victoria?
The FHB exemption is specifically for first home buyers and provides full stamp duty exemption up to $600,000 or concessions up to $750,000. The PPR concession is for any owner-occupier (including non-first-home-buyers) and provides a reduced duty rate. First home buyers should always claim the FHB exemption as it provides a greater benefit.
Can I get the FHOG for an off-the-plan apartment in Victoria?
Yes, the $10,000 FHOG is available for new homes including off-the-plan apartments, provided the total value (including land) does not exceed $750,000. You must be buying your first home and intend to live in it for at least 12 months.
Is there a residency requirement for Victoria's first home buyer benefits?
Yes, you must be an Australian citizen or permanent resident, and you must live in the property as your principal place of residence for a continuous period of at least 12 months, commencing within 12 months of settlement.