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In Victoria, if you enter into a contract to buy or build a new home under $750,000, in metro Melbourne you will be entitled to the $10,000 First Home Owners Grant (FHOG) and $20,000 for a regional Victorian home.
Provides a stamp duty concession for homes in Victoria valued at more than $130,000 and up to $550,000 in the following manner:
Eligibility requirements
Victorian stamp duty is $0 when buying/building for < $600,000, and on a sliding scale for purchase prices between $600,001 to $750,000. If you want to calculate your stamp duty,go to our stamp duty calculator for a quick calculation.