Unlock the Full Potential of Government Grants for Your First Home

Embarking on the journey to your first home is an exciting milestone, and government incentives can play a pivotal role in accelerating your progress. Discover how you can leverage these opportunities to your advantage with Ridgewater Homes.

First Home Owner Grant (FHOG)

This is likely the one you’re already acquainted with, and rightfully so—it stands as one of the most substantial advantages for first-time homebuyers in Victoria. Presently, you have the opportunity to secure $10,000 through the FHOG when purchasing or constructing a new home valued below $750,000, providing a considerable financial relief. Ensure your eligibility by ticking a couple of boxes; visit https://sro.vic.gov.au/first-home-owner to review the eligibility criteria in detail.

Stamp Duty Concessions

For first-time homebuyers, there exists the potential for stamp duty exemptions (complete avoidance of the tax) or concessions (a reduction in stamp duty proportionate to your home’s value). Leveraging these concessions can result in substantial savings, providing the financial flexibility to invest in new furniture to enhance and personalise your new home. Keep this in consideration as you navigate the budgeting process for your upcoming home. Dive into the details of stamp duty concessions in Victoria at sro.vic.gov.au/fhbduty.

Informed Decision-Making Through Research

Building your dream home requires thorough research, and Ridgewater Homes is here to guide you. Government incentives are often tied to contract value and location, influencing your eligibility. Early research allows you to grasp how your budget impacts incentives and explore potential reduced deposits in regional Victoria. Take the time to understand your available tools fully.

Professional Guidance for a Seamless Journey

Purchasing a new home involves intricate details, and Ridgewater Homes recommends seeking professional advice. Our team, including financial advisors, mortgage brokers, and New Home Specialists, is ready to guide you through the process. Gain valuable insights, navigate complexities, and ensure you make informed decisions, maximizing the benefits of government incentives.

Achieving homeownership in Victoria is a significant accomplishment, and Ridgewater Homes is dedicated to assisting you. To harness the full potential of grants and benefits, delve into the details. With research, careful planning, and professional support, you can confidently embark on your homeownership journey, knowing Ridgewater Homes has your back every step of the way.