First home buyers in Victoria will receive up to $22,500
in government incentives as of July 1
as part of the state’s budget measures
unveiled this week.
Assuming the federal government’s
first home owner grant
reverts back to $7,000 as of July 1,
the Victorian government will contribute $2,000
to first home buyers in metro Victoria and
$11,000 if the dwelling is new,
resulting in assistance of $9,000 or $18,000.
Furthermore, regional first home buyers of new homes
will be eligible for an extra $4,500,
taking their total government assistance to $22,500.
The HIA Victorian executive director Gil King said:
“This is a proactive measure that recognises
the value of the residential construction industry
to Victoria’s economic activity and employment.”
“We expect the boost will provide up to 4,000
new jobs for the industry over the next
twelve months and provide opportunities
for apprentices right across the state,”
he said today.
Mr King also called for the federal government and
other state governments to follow suit.
