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Victorian FHBs have won a government grant increase
First home buyers in Victoria will receive up to $22,500 in government
incentives as of July 1 as part of the state’s budget measures unveiled
this week.
Assuming the federal government’s first home owner grant reverts back to
$7,000 as of July 1, the Victorian government will contribute $2,000 to
first home buyers in metro Victoria and $11,000 if the dwelling is new,
resulting in assistance of $9,000 or $18,000.
Furthermore, regional first home buyers of new homes will be eligible for
an extra $4,500, taking their total government assistance to $22,500.
Gil King, HIA Victorian executive director said: “This is a proactive
measure that recognises the value of the residential construction industry
to Victoria’s economic activity and employment.”
Mr King also called for the federal government and other state governments |
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