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Victoria is Australia's second-largest property market, with a Melbourne median house price of approximately $1.03 million and a statewide median around $780,000. While Melbourne remains expensive, it's considerably more affordable than Sydney, and regional Victoria offers excell
Yes. Regional Victoria first home buyers receive a $20,000 FHOG for new homes up to $750,000. This is double the $10,000 metro Melbourne grant. Regional areas include Geelong, Ballarat, Bendigo, Shepparton, and any area outside metropolitan Melbourne.
Yes, provided the apartment has never been lived in and the total value (including land) is $750,000 or less. Off-the-plan purchases qualify as new homes under the Victorian scheme.
Regional Victoria is any area outside the Melbourne metropolitan boundary as defined by the State Revenue Office. This includes Geelong (from 2022), Ballarat, Bendigo, and the Surf Coast. Check the SRO website for the exact boundary map.
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