GOOD NEWS FOR REGIONAL BUYERS AS GRANT BOOST EXTENDED

The Victorian State Government has extended the $20k regional First Home Owner Grant for another 12 months in an effort to make home ownership possible for more Victorians, and provide certainty to the construction industry in the wake of Coronavirus.

The Government doubled the grant from $10k to $20k for regional first home buyers in 2017, and 8,800 grants have been accessed in that time. The increase was due to end in June 2020, but will now continue for another 12 months.

Executive General Manager Strategy & Development Troy Gorton said it was reassuring to see the continued support for regional first home buyers.

The increased grant of $20k has already been very successful in getting more people into home ownership, it is a very significant step up for those buyers who qualify
-Troy Gorton.

The grant is just part of a range of government buyer assistance programs, both at state and federal level, aimed at helping first home buyers. At Start Point, a key part of our service is personalised support in understanding what you might be able to access because it is a crucial step in understanding what you can afford – but it can also be daunting.

The grant is available for first home purchases across 48 councils, with Greater Geelong, Ballarat, Bendigo, Wodonga and Shepparton among the most popular.

Visit the Start Point website for more information on government funded buyer assistance packages.

For more information on the Victorian First Home Owner Grant visit:
https://www.premier.vic.gov.au/supporting-first-home-buyers-in-regional-victoria/

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