The Victorian Government announced that it intends to increase the First Home Owner Grant (FHOG) from $10,000 to $20,000 for new homes built in regional Victoria and valued up to $750,000.
The grant will apply to contracts signed from 1 July 2017 to 30 June 2020, at which time the Government will review the benefits to regional Victorian businesses and residents.
Premier Daniel Andrews stated ‘This is a win for first home buyers in regional Victoria, and it’s a win for local jobs too.’
We will keep you updated with timely alerts as more details become available.
Victoria Government media release:
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