16 - Unlocking First Home Buyer Support in Victoria

Victoria offers a range of incentives to help first home buyers get into the market sooner, from full stamp duty exemptions to a $10,000 grant for new homes and major updates to the First Home Guarantee Scheme.In this episode, Jack Elliott breaks down what’s available as of October 2025, who’s eligible, and how to think strategically about each option. You’ll learn how the concessions and schemes work, what to watch out for with off-the-plan purchases, and why long-term asset quality matters more than short-term savings.In this episode:🔑 Stamp duty exemptions and concessions explained🔑 The $10,000 First Home Owner Grant in Victoria🔑 Updates to the First Home Guarantee and October 2025 changes🔑 Risks and benefits of off-the-plan purchases🔑 Why strategy and asset quality should guide your decisionsTimestamps 00:00 – Intro: VIC incentives overview00:55 – Stamp duty explained01:47 – Full exemption & concessional rates03:12 – Eligibility criteria & income caps04:20 – Example breakdowns (up to $800K)05:18 – Strategy: asset quality over savings06:42 – $10K First Home Owner Grant explained07:38 – What types of properties qualify09:10 – Strategy: new vs established homes09:56 – First Home Guarantee overview10:40 – VIC price cap & income cap updates (Oct 2025)12:05 – Combining incentives & trade-offs14:02 – Long-term strategy & recapUnlock your Free Resources VIC First Home Buyer ResourceFirst Home Buyer Duty Exemption or ConcessionOff the Plan Stamp Duty ConcessionStamp Duty CalculatorFirst Home Owners GrantFirst Home Guarantee SchemeVictorian Homebuyer Fund - Shared Equity Scheme Want to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au