If you’ve been thinking about buying your first home at Oak Grove, the Victorian Government’s First Home Owner’s Grant (FHOG) offers $10,000 to eligible first home buyers purchasing or building a brand-new home, giving you a valuable boost toward your deposit or overall costs. 

What you need to know

1. The grant applies to new homes only, including house & land packages, off-the-plan or newly built homes
2. The total value must be $750,000 or less
3. You must live in the home as your principal place of residence for at least 12 months

For many buyers, this grant can be used alongside other incentives, making home ownership more achievable than you might think.

Other incentives for First Home Buyers

1. The Australian Government 5% Deposit Scheme is for first home buyers with a minimum 5% deposit or single parent/legal guardian with a minimum 2% deposit. No income caps, no wait lists, and no Lenders Mortgage Insurance. Click the link here to learn more and check your eligibility.
2. The Help to Buy Scheme is a shared equity Scheme where the Australian Government contributes up to 40% towards the purchase price of your newly built home. This includes houses, townhouses, and blocks of land for a new home. Click the link here to learn more and check your eligibility.

How this applies at Oak Grove

At Oak Grove, we have lots that align with first home buyers looking to build something new, meaning you could be eligible for these grants and schemes while creating a home that’s truly your own.

It’s not just about getting into the market, it’s about doing it in a place designed for long-term living.

At Oak Grove, you’ll find a connected Clyde North location close to schools, shops and transport, filled with thoughtfully planned green spaces and community amenity.

Oak Grove is that place where your first home isn’t just a purchase – it’s the start of something bigger.

To understand your eligibility, you can assess yourself using the State Revenue Office’s tool linked here, and our team is here to help guide you through every step of the process.

Enquire today and take the first step toward your future at Oak Grove.