Victorian first home buyers grants go up

The Victorian state government first home buyer grants will be extended for another year. The state government will also increase the amount of cash first home buyers can receive. Victorian first home buyers can get a $7,000 basic grant.

From the first of July they can also receive $3,000 for an established home, $5,000 for a new home and an extra $3,000 for buying in rural Victoria.

The Victorian state budget, delivered yesterday by treasurer John Lenders, claims Victoria has the most generous first buyers scheme in Australia. 12,900 new homes will also be built for low income earners.

Source: Herald Sun