Land transfer duty discounts
To make it easier for first home buyers to buy a property, they can access land transfer (stamp) duty exemptions and concessions.
First home buyers don’t pay any land transfer duty if they purchase a property valued at $600,000 or less, and they receive a concession if they buy a property valued between $600,001 and $750,000.
In 2023–24:
- 28,474 first home buyers purchased properties for $600,000 or less and paid no land transfer duty at all.
- 13,350 first home buyers purchased properties between $600,001 and $750,000 and received a concession on land transfer duty.
- The total value of 41,824 land transfer duty concessions and exemptions was $853.7 million.
First Home Owner Grant
The First Home Owner Grant (FHOG) continues to help Victorians buy or build their first home.
First home owners who are buying or building a new home valued at $750,000 or less may be eligible for the grant of $10,000.
In 2023–24, we paid 9,975 FHOG applications worth a total value of $101.9 million.
Top 10 FHOG Victoria postcodes 2023–24
| No. | Postcode | Suburb | Applications |
|---|---|---|---|
| 1 | 3029 | Hoppers Crossing, Tarneit, Truganina | 953 |
| 2 | 3978 | Cardinia, Clyde, Clyde North | 856 |
| 3 | 3064 | Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park | 854 |
| 4 | 3336 | Aintree, Deanside, Fraser Rise | 528 |
| 5 | 3750 | Wollert | 376 |
| 6 | 3335 | Bonnie Brook, Grangefields, Plumpton, Rockbank, Thornhill Park | 343 |
| 7 | 3338 | Brookfield, Cobblebank, Exford, Eynesbury, Melton South, Stathtulloh, Weir Views | 322 |
| 8 | 3977 | Botanic Ridge, Cannons Creek, Cranbourne (East, North, South, West), Devon Meadows, Junction Village, Sandhurst, Skye | 317 |
| 9 | 3217 | Armstrong Creek, Charlemont, Freshwater Creek, Mount Duneed | 308 |
| 10 | 3024 | Fieldstone, Mambourin, Manor Lakes, Mount Cottrell, Wyndham Vale | 275 |
Top 10 FHOG metropolitan Melbourne postcodes 2023–24
| No. | Postcode | Suburb | Applications |
|---|---|---|---|
| 1 | 3029 | Hoppers Crossing, Tarneit, Truganina | 953 |
| 2 | 3978 | Cardinia, Clyde, Clyde North | 856 |
| 3 | 3064 | Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park | 854 |
| 4 | 3336 | Aintree, Deanside, Fraser Rise | 528 |
| 5 | 3750 | Wollert | 376 |
| 6 | 3335 | Bonnie Brook, Grangefields, Plumpton, Rockbank, Thornhill Park | 343 |
| 7 | 3338 | Brookfield, Cobblebank, Exford, Eynesbury, Melton South, Stathtulloh, Weir Views | 322 |
| 8 | 3977 | Botanic Ridge, Cannons Creek, Cranbourne (East, North, South, West), Devon Meadows, Junction Village, Sandhurst, Skye | 317 |
| 9 | 3024 | Fieldstone, Mambourin, Manor Lakes, Mount Cottrell, Wyndham Vale | 275 |
| 10 | 3030 | Cocoroc, Point Cook, Quandong, Werribe, Werribee South | 197 |
Top 10 FHOG regional Victoria postcodes 2023–24
| No. | Postcode | Suburb | Applications |
|---|---|---|---|
| 1 | 3217 | Armstrong Creek, Charlemont, Freshwater Creek, Mount Duneed | 308 |
| 2 | 3212 | Avalon, Lara, Point Wilson | 169 |
| 3 | 3350 | Alfredton, Ballarat, Lucas, Mount Clear, Mount Helen, Mount Pleasant, Nerrina, Newington | 80 |
| 4 | 3551 | Arnold, Ascot, Axe Creek, Bagshot, Cornella, Epsom, Huntly, Kimbolton | 75 |
| 5 | 3340 | Bacchus Marsh, Darley, Hopetoun Park, Merrimu, Staughton Vale | 50 |
| 6 | 3691 | Bandiana, Bonegilla, Huon Creek, Kiewa, Tangambalanga, Wodonga | 48 |
| 7 | 3280 | Dennington, Warrnambool | 46 |
| 8 | 3358 | Winter Valley | 45 |
| 9 | 3756 | Chintin, Darraweit Gum, Upper Plenty, Wallan | 36 |
| 10 | 3437 | Bullengarook, Gisborne, Gisborne South | 33 |