“Victoria offers a comprehensive support package including federal schemes, state equity contributions, and stamp duty concessions.”
Victorian first home buyers in 2026 can access multiple overlapping layers of government support. The challenge is that each scheme has different eligibility rules, price caps, and property type restrictions — using the wrong combination, or missing an eligible scheme entirely, has a real dollar cost.
Federal schemes available in Victoria
The First Home Guarantee: 5% deposit, no LMI, no income cap, Melbourne price cap $950,000. The Help to Buy scheme: 2% deposit, government equity contribution up to 30%, income cap $100,000 singles/$160,000 couples and single parents, Melbourne price cap $950,000. The First Home Super Saver Scheme: access up to $50,000 per person from voluntary super contributions for a deposit.
The Victorian Homebuyer Fund
Victoria’s own shared equity scheme operates separately from the federal Help to Buy scheme. It targets Victorian residents with incomes up to $135,155 (singles) or $216,245 (joint applicants and single parents). The state government contributes up to 25% equity. It has different price caps and income thresholds than the federal Help to Buy scheme, and is available through a separate panel of participating lenders.
First Home Owner Grant in Victoria
The Victorian FHOG pays $10,000 for eligible buyers purchasing or building a new home valued up to $750,000. It does not apply to established properties. If you are purchasing an established home, the FHOG is not available — but stamp duty concessions are.
Stamp duty concessions in Victoria
First home buyers in Victoria pay no stamp duty on properties valued up to $600,000. A concession applies between $600,001 and $750,000. Above $750,000, standard stamp duty applies. These are the thresholds as at the time of writing — confirm with the State Revenue Office before making a purchasing decision. Concession amounts can change.
→ You may wish to speak with a licensed mortgage broker to assess your personal circumstances. This is general information only. Individual circumstances vary and scheme details change regularly. Verify current eligibility, caps, and terms with official sources before making decisions. Speak with a licensed mortgage broker for advice tailored to your situation. All loans are subject to lender approval.
Sources: Housing Australia, First Home Guarantee 2025–26 (housingaustralia.gov.au); Housing Australia, Australian Government Help to Buy Scheme (firsthomebuyers.gov.au); State Revenue Office Victoria, First Home Buyer Duty Exemption (sro.vic.gov.au); State Revenue Office Victoria, First Home Owner Grant (sro.vic.gov.au); State Revenue Office Victoria, Homebuyer Fund (sro.vic.gov.au).
