Grant & scheme checker calculator
Which of the four overlapping first home buyer schemes you actually qualify for.
About you
Gross, before tax. Some schemes have income caps.
The property
The First Home Owner Grant is for new homes only.
As a percentage of the purchase price.
Schemes you look eligible for
3 of 5
Estimate only
Around $44,326 of money you'd keep — grants received, duty not paid, insurance avoided. Not every scheme combines, so read the conditions before you count on all of them.
First Home Owner Grant (VIC)
Not on these answers$10,000 cash grant
The grant is for brand new homes and house-and-land builds only. An established home doesn't qualify.
Conditions
- New homes only — never previously lived in.
- Property value at or below $750,000.
- No income test.
- You must move in within 12 months and live there at least 12 months.
Stamp duty exemption / concession (VIC)
Looks eligibleNo duty up to $600,000
You get a partial concession worth about $22,713, leaving roughly $11,357 to pay.
Worth roughly $22,713
Conditions
- Full exemption at or below $600,000.
- Sliding concession up to $750,000, tapering to nothing.
- You must live in the home for at least 12 months, starting within 12 months of settlement.
First Home Guarantee (5% deposit)
Looks eligibleBuy with 5% deposit, no LMI
You look eligible to buy with a 5% deposit and no Lenders Mortgage Insurance.
Worth roughly $21,613
Conditions
- Minimum 5% deposit.
- Price cap of $950,000 in Melbourne.
- No income cap applies.
- You must live in the home. Places are administered through participating lenders.
Help to Buy (shared equity)
Looks eligibleGovernment takes 30–40% equity
The government would take a 30% stake, meaning you borrow far less.
The government would contribute about $195,000 towards the purchase — but that's a stake they keep, not money you're given. You repay it, plus their share of any growth, when you sell or buy them out.
Conditions
- Minimum 2% deposit.
- Income cap $100,000 single / $160,000 couple.
- The government's share is repaid when you sell or buy them out — you don't own the whole home.
- Replaced the Victorian Homebuyer Fund, which closed in 2025.
Off-the-plan duty concession (VIC)
Not on these answersDuty charged on land value, not the finished price
This concession only applies to off-the-plan apartments and townhouses.
Conditions
- Off-the-plan apartments and townhouses.
- Available to all buyers, not just first home buyers.
- Confirm the concession is still running — currently to 2026-10-20.
What this calculation assumes
- Based only on the answers given — no credit check, no lender assessment.
- Schemes change often, and some have limited places administered by participating lenders.
- Being eligible for a scheme doesn't mean a lender will approve the loan; serviceability is assessed separately.
- Not every scheme combines. The First Home Guarantee and Help to Buy are alternatives — you'd pick one, not stack both.
- The total only counts money you keep: grants received, duty not paid, insurance avoided. Help to Buy's equity share is excluded, because it's repaid rather than given.
Want to understand the number?
Four overlapping schemes with different rules, caps and eligibility. Which ones are actually yours.
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