When you acquire a property or are a first-home owner, use this table to compare the main differences between the First Home Owner Grant (FHOG), the first-home buyer duty reduction and the PPR duty concession.

Differences between common Victorian grants and concessions

  FHOG First-home buyer duty reduction PPR duty concession

What type of home does the benefit apply to? 

Your home must be one of the following:

  • The first sale of a newly built residential property,
  • The first sale of a property converted into a residential property, such as a warehouse conversion, or
  • A new property you have built

The FHOG is not available for established homes (unless your purchase was before 1 July 2013).

Your home can be new or established.

Your new home can be new or established.

How long must you intend to live in the property?

At least 12 continuous months starting from within 12 months of the transfer date (usually at settlement or the completion of your new home).

At least 12 continuous months starting from within 12 months of the transfer date (usually at settlement).

At least 12 continuous months starting from within 12 months of the transfer date (usually at settlement).

What if you don’t use the property as your PPR within 12 months of settlement?

You have 14 days to notify us and repay the grant.  
If you fail to notify us, you may receive a penalty. 

You have 30 days to notify us and repay the duty reduction.
If you fail to notify us, you may receive a penalty. 

You have 30 days to notify us and repay the concession. 
If you fail to notify us, you may receive a penalty.  

What if you move out of your PPR within 12 months of settlement before you have lived there permanently for 12 continuous months?

You have 14 days to notify us and repay the grant.  If you fail to notify us, you may receive a penalty. 

You have 30 days to notify us and repay the duty reduction. If you fail to notify us, you may receive a penalty. 

You have 30 days to notify us and repay the duty reduction. If you fail to notify us, you may receive a penalty. 

What if you rent out your property?

You still get the FHOG if you use the property as your PPR within 12 months of settlement (or completion of construction), for at least 12 continuous months.

You still get the duty reduction if you use the property as your PPR within 12 months of settlement, for at least 12 continuous months.

You still get the concession if you use the property as your PPR within 12 months of settlement, for at least 12 continuous months.

The value of your property

The purchase price cannot exceed $750,000.

The dutiable value must be more than $130,000 but not exceed $600,000.

The dutiable value must be more than $130,000 but not exceed $550,000.

Application forms

Complete and lodge an application (FHOG Form 02) with the required supporting documents.

Complete and lodge an application (Duties Form 61) with the required supporting documents.

If you are entitled to the duty reduction and the PPR concession, complete and lodge Form 61 with the required supporting documents.

If you are entitled only to the PPR concession, complete and lodge Form 53D with the required supporting documents.

When must you lodge your application?

Within 12 months of the eligible transaction, which is usually settlement date or date construction of your new home completed.

Any time before the transaction occurs, but within five years of the date that duty is payable. Duty is usually payable 30 days from settlement.

Any time before the transaction occurs, but within five years of the date that duty is payable. Duty is usually payable 30 days from settlement.

Are you eligible to receive this benefit more than once?

No.

No.

Yes.

You or your spouse/partner (separately or together) have received the grant, reduction or concession for another property

Neither of you are entitled to receive it again. This is the case even if you were not with your spouse/partner when the FHOG was previously received.

Neither of you are entitled to receive it again. This is the case even if you were not with your spouse/partner when the duty reduction was previously received.

You may still be entitled to the PPR concession.

You and/or your spouse/partner owned residential property before 1 July 2000 (living in it or renting it out)

Neither of you are eligible for the FHOG even if you were not together at the time the property was purchased. 

Neither of you are eligible for the duty reduction, even if you were not together at the time that the residential property was purchased.  

You may still be entitled to the PPR concession.

You and/or your spouse/partner owned residential property on or after 1 July 2000, but neither received the FHOG. Also, neither of you have lived in that property for a continuous period of six months

You may still be entitled to the FHOG.

You may still be entitled to the duty reduction.

You may still be entitled to the PPR concession.

You and/or your spouse/partner owned residential property on or after 1 July 2000 and neither received the FHOG. However, one of you lived in that property for a continuous period of six months

You and your spouse/partner are not entitled to the FHOG.

You and your spouse/partner are not entitled to the duty reduction.

You may still be entitled to the PPR concession.

Can the benefit apply to a new property with:

  • A purchase price of $900,000
  • A dutiable value of $500,000 (taking into account the off-the-plan concession)

No, because the purchase price exceeds $750,000.

No, because the purchase price exceeds $750,000 so you are not entitled to the FHOG.

Yes, because the dutiable value does not exceed $550,000.

Can the benefit apply to a new property with:

  • A purchase price of $740,000
  • A dutiable value of $340,000 (taking into account the off-the-plan concession)

Yes, because the purchase price is less than $750,000 (provided the other FHOG requirements are met).

Yes, because you are entitled to the FHOG and the dutiable value does not exceed $600,000.

Yes, because the dutiable value does not exceed $550,000.

Can the benefit apply to a new property with:

  • A purchase price of $740,000
  • A dutiable value of $700,000 (taking into account the off-the-plan concession)

Yes, because property is new and purchase price does not exceed $750,000 (provided the other FHOG requirements are met).

No, because the dutiable value exceeds $600,000.

No, because the dutiable value exceeds $550,000.

Can the benefit apply to an established property with:

A purchase price (i.e. dutiable value) of $750,000 *

No, because property is established.

No, because dutiable value exceeds $600,000.

No, because dutiable exceeds $550,000.

Can the benefit apply to an established property with:

A purchase price (i.e. dutiable value) of $600,000 *

No, because property is established.

Yes, because dutiable value does not exceed $600,000.

No, because dutiable value exceeds $550,000.

Can the benefit apply to an established property with:

A purchase price (i.e. dutiable value) of $550,000 *

No, because property is established.

Yes, because dutiable value does not exceed $600,000.

Yes, because dutiable does not exceed $550,000.

* The off-the-plan concession cannot apply to established properties