Victorian First Home Owners

Get Free No Obligation Advice From a Victorian First Home Owners Specialist Today.

CBA Logo
St George Bank Logo
ING Bank
anz
Westpac
Bank of Melbourne Logo
On this page
On this page

Discover the essential steps and benefits available to Victorian First Home Owners as you embark on your journey to owning your first home.

 

VIC First Home Owners Grant

This grant offers a $10,000 grant to first home buyers who are purchasing a home that has not been previously sold or occupied, is valued at $750,000 or less and is being purchased by someone who has not already received a first home owner grant or owned a home in Australia. Ownership or co-ownership of a home for a period of at least six months since 1 July 2000 also renders an applicant ineligible

VIC First Home Buyer Duty Reduction

First homeowners who purchased a new or established property prior to 1 July 2007 may be entitled to a duty reduction of up to 50% where the home is valued at $600,000 or less.

Other concessions

Victoria also offer duty concessions for:

  • first home buyers who are buying an off-the-plan land and building package, or a refurbished lot.
  • First home owners with a family who purchased on or after 1 January 2006 with a value of not more than $150,000 (concessions are available for homes valued up to $200,000 for this period).
  • First home buyers who are pensioners
  • First home buyers who meet the requirements of principal place of residence (PPR)

Young Farmer Grants

The Young Farmer Duty Exemption or Concession offers discounts on transfer duty for those buying their first farm in Victoria. The concessional amount depends on the value of the farmland and can be the full amount or part.

Applicants must be aged under 35, purchasing their first farm which is valued at less than $750,000 and must be intending to run a business of primary production on the purchased property.

Talk to our brokers who can help you maximise the concessions or grant you may be eligible for in Victoria.

Trusted by 1000's of Australian's

Just a few of our happy customers

david-clare-smb-testimonials-200x200
David & Clare
Castlemaine, VIC

When we found you guys we thought we had no hope. 3 Banks said no, and you were able find the right home for us. How you guys work for free amazes us

mai-surry-hills-smb-testimonial-264w
Mai
Surry Hills, NSW

The extensive documentation required seemed daunting, but Select a Mortgage Broker helped me organise everything efficiently. The process was smooth and stress-free

Peter from Busselton got a commercial loan to expand his business
Jimmy K.
Busselton, WA

Being self-employed, I was concerned about proving stable income, but Select a Mortgage Broker worked with me to find the best loan option. Their dedication finding me the right loan was exceptional! Highly recommend.

Over 100+ 4 star Facebook Review's
Over 200+ 4 star Google Review's

Selectabroker Services VS Other Lenders

We'll compare loans from the leading lenders

and many more...

Ready to take the next step?

Wherever You Are in Your Loan Journey, We're Here to Help

Discuss Your Options with a Real Person

Chat with a lending agent

Looking to explore your home loan options? Give us a call. We're available 7 days a week till 9pm

Discover Your Indicative Interest Rate

Get your best interest rate

Get an estimate of your interest rate and monthly repayments without affecting your credit score.

See How Much You Could Borrow

Estimate how much you may be eligible to borrow based on your income and expenses.  

Steps to Secure Victorian First Home Owners

Understanding Victorian First Home Owners Approval Process:

Our role as mortgage brokers is to guide first home buyers through the intricate process of buying their first home and leveraging all the support mechanisms available, ensuring a smooth and successful financial journey.

Step 1: Initial Consultation

Personalised Assessment: We begin with a one-on-one consultation to understand your specific needs, financial situation, and long-term goals.

Information Gathering: We'll discuss the type of property you are interested in, its size, location, and your financial details to tailor the best loan options.

Step 2: Exploring Finance Options

Presenting Choices: Based on our initial consultation, we'll present a range of loan products from various lenders that best suit your unique requirements.

Expert Guidance: Our team will explain the pros and cons of each option, interest rates, repayment structures, and any special conditions.

Step 3: Application Preparation

Document Compilation: We assist in gathering all necessary documentation, including proof of income, property details, and any other required financial information.

Application Submission: We ensure your loan application is comprehensive and robust, increasing the likelihood of approval.

Step 4: Loan Processing

Lender Liaison: We act as your advocate, liaising with lenders to navigate the complexities of the lending process.

Status Updates: Regular communication is maintained throughout the loan processing phase, keeping you informed at every step.

Step 5: Approval and Settlement

Approval Notification: Once approved, we'll discuss the loan agreement details, ensuring you understand all aspects of the contract.

Settlement Coordination: We coordinate the settlement process, ensuring all legal and financial requirements are met for a smooth transaction.

Step 6: Ongoing Support

Post-settlement Assistance: Our relationship doesn’t end at settlement. We offer ongoing support for any future adjustments or refinancing needs.

Continuous Partnership: We take pride in being a part of your financial journey, committed to helping you achieve and maintain your financial goals.

Craig Gadsden - Director: Select a mortgage broker

Quick and Easy Victorian First Home Owners Approval

Connect with Craig to fast-track your mortgage application. Enjoy a hassle-free process with timely updates and expert support until your loan is approved.

Access a Range of Victorian First Home Owners

Future-proof your mortgage with flexible options for Victorian First Home Owners

Loan & Finance Insights:
Make informed decisions

Stay ahead with expert advice and the latest updates on loans, finance, and market trends. Our in-depth articles guide you through the complexities of financial decisions, helping you make informed, confident choices.

Craig Gadsden

Types of Mortgages Explained

With so many different types of mortgages available, it can feel like you’re navigating a maze.  But don’t worry –

Selectabroker logo - yellow

Get free expert advice
7 days a week until 9pm

Talk to a Specialist Mortgage Broker Today

Give us a call

Specialist brokers help guide you through the steps to get your loan secured.

Get Your Best Interest Rate

Get an estimate of your interest rate and monthly repayments without affecting your credit score.

Request a call back

Request a call back or let us know a time that works for you.

We do the work. You Save

Craig Gadsden

Craig Gadsden

Loan Expert

I will be back soon

Craig Gadsden
G'day!
Need a loan or have a question?

We’re here to help—chat with us for expert advice and fast answers
Whatsapp Need Loan Advice?