[Talking Point] First Home Owner Grant to double for regional Victoria

The Andrews government is surely firing up the tempo to get prospective first home buyers through the door to their first set of keys. In a series of rapid fire media releases over the past couple of weeks, we seen news coverage of First Home Owner Grant doubling, abolishment of stamp duty for First Home Buyers and a prospect that your first property may be co-owned with the Victorian Government.

In our opinion, the winners might very well be prospective first home buyers located in those regional areas with the intention of wanting to purchase their first property. Would you relocate to any of these areas just to pick up the extra $10,000 in grant, probably not. If we were to pick on where to take up the offer, we would go for Greater Geelong City Council boundaries and the Borough of Queenscliffe.

We are preparing a series of summary takeaways in the next few days so stay tuned. Here’s the takeaway for the Regional Victoria win!

First Home Owner Grant to double for regional Victoria

“This is a win for first home buyers in regional Victoria, and it’s a win for local jobs too.” Premier Daniel Andrews

• Commencing 01-Jul-17
• Contracts signed from commencement date + 3 years (30-Jun-2020)
• From $10,000 to $20,000
• New homes valued up to $750,000
• Usual rules apply for first home owners (visit link here for qualifications)

So where do the regional Victoria areas cover? Visit the respective Council’s maps here or visit their websites to view boundaries. We also included a map on this page which shows an indicative location of where each regional area is.

Alpine Shire Council, Ararat Rural City Council, Ballarat City Council, Bass Coast Shire Council, Baw Baw Shire Council, Benalla Rural City Council, Buloke Shire Council, Campaspe Shire Council, Central Goldfields Shire Council, Colac Otway Shire Council, Corangamite Shire Council, East Gippsland Shire Council, Gannawarra Shire Council, Glenelg Shire Council, Golden Plains Shire Council, Greater Bendigo City Council, Greater Geelong City Council, Greater Shepparton City Council, Hepburn Shire Council, Hindmarsh Shire Council, Horsham Rural City Council, Indigo Shire Council, Latrobe City Council, Loddon Shire Council, Macedon Ranges Shire Council, Mansfield Shire Council, Mildura Rural City Council, Mitchell Shire Council, Moira Shire Council, Moorabool Shire Council, Mount Alexander Shire Council, Moyne Shire Council, Murrindindi Shire Council, Northern Grampians Shire Council, Pyrenees Shire Council, Borough of Queenscliffe, South Gippsland Shire Council, Southern Grampians Shire Council, Strathbogie Shire Council, Surf Coast Shire Council, Swan Hill Rural City Council, Towong Shire Council, Wangaratta Rural City Council, Warrnambool City Council, Wellington Shire Council, West Wimmera Shire Council, Wodonga City Council, Yarriambiack Shire Council.

Photo credit: Alex Coppel (Herald Sun)