Buying your first house is a massive investment and a major step towards achieving your dream of having a
place to call your own.

For first-time buyers, the journey may seem daunting with Australia’s rising real estate costs. However, the
Australian government offers a range of housing grants, which can help alleviate the burden of buying a
home. If you’re wondering, am I eligible for a first home buyers grant or what type of housing grants are
available in Victoria, keep reading to find out.
All the grants listed below are applicable when making your first purchase at Evoke Townhomes.

1. Home Guarantee Scheme (HGS)
The Home Guarantee in Victoria, Australia, is a government initiative designed to help eligible Australians
purchase a home sooner. Made possible by Housing Australia, the Home Guarantee has three different
guarantees within it:

 First Home Guarantee
Under this scheme, Housing Australia guarantees first-home buyers to secure a new or existing
home with only a 5% deposit.
This guarantee is a fantastic option for low and middle-income earners, first-home buyers or
those who haven’t owned a property in Australia in the last 10 years.

 Family Home Guarantee
The family home guarantee helps single parents re-enter or buy their first home with as little as a
2% down payment.

 Regional First Home Buyers Guarantee
If you’re looking to secure your first home regionally, this is the scheme for you. The regional first
home buyers grant is very similar to the first home guarantee, only aimed at those living in
regional areas.
You can find more about eligibility for the Home Guarantee Scheme HERE.

2. First Home Owner Grant (FHOG)

The First Home Owner Grant (FHOG) is another fantastic grant for first home buyers designed to offset
the effect of the GST on home ownership.
If you’re buying or building a new home valued up to $750,000, you may be eligible for the FHOG of
$10,000-15,000.

The grant also applies to townhouses and units. However, it’s important to note that the property must be
new and valued up to $750,000 to be eligible. Evoke’s offers luxury townhomes starting from just
$525,000. But hurry, only limited lots remain!

Find out more about eligibility HERE.

3. First Home Super Saver Scheme (FHSSS)

The First Home Super Saver allows individuals to make voluntary contributions to their superannuation
fund, which can later be withdrawn for use as a deposit on a house.
The scheme enables Australians to contribute up to $15,000 each year towards their super fund, which
can then be accessed to buy a first home.
This unique savings strategy not only encourages regular saving but also provides tax benefits, making it
a potentially valuable tool for those entering the property market.
To find out more about eligibility, click HERE.

4. Victorian Homebuyer Fund

Introduced in 2021, the Victorian Homebuyer Fund aims to provide an additional $500 million in
low-interest loans to first-home buyers.
With a 5% deposit, the Victorian government will contribute up to 25% of the purchase price, which is
interest-free and repayment-free for the first five years.
The loan can be used alongside other financial products like the FHOG to mitigate the upfront costs of
purchasing a home.
Find out more about the Victorian Homebuyers Fund HERE.

5. Stamp Duty Concession

In addition to the above grants, there is an option to save on stamp duty. In Victoria, first-home buyers
purchasing property up to $600,000 are exempt from paying any stamp duty, while those buying property
between $600,001 and $750,000 can receive a concession on the stamp duty.
Find out more about the Stamp Duty Concession HERE.

As a first-time home buyer in Victoria, there are multiple opportunities to get financial assistance to
help you pursue your dream of owning your first property. Familiarise yourself with these options,
and consider contacting a mortgage broker to take advantage of the available options.
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Located in the heart of South Morang and only minutes from established shopping, schools and all
your daily needs, discover Evoke Townhomes — Where contemporary and functionality combine