FIRST HOME BUYERS GRANT FOR REGIONAL VICTORIA INCREASING

The Victorian Government intends to increase the First Home Buyers Grant to $20,000 from $10,000 as of 1 July 2017 to 30 June 2020 for new contracts signed in regional Victoria with a value up to $750,000 for eligible first home buyers.

The grant for eligible first home buyers in metropolitan Melbourne will remain the same at $10,000.

The Government is still to determine the boundaries for regional and metropolitan areas.

The link below provides further details:

sro.vic.gov.au/fhogchanges

 Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

 We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.