- A finished home, with no extras to fund halfway through the build.
- Packages up to $750,000 can qualify for the $10,000 First Home Owner Grant.
- No stamp duty for eligible buyers on land up to $600,000.
What you may be eligible for
- First Home Owner Grant
- $10,000 towards a new home valued at $750,000 or less. For house and land, the value is the land and the building contract together. You must live in it for 12 months, starting within 12 months of completion.
- Stamp duty
- No duty on land up to $600,000 for eligible first home buyers, and reduced duty up to $750,000. On a house and land package, duty is worked out on the land contract only.
- 5% Deposit Scheme
- A federal scheme that lets eligible first home buyers borrow with a 5% deposit and no lenders mortgage insurance. Price caps apply: $950,000 in Melbourne and Geelong, $650,000 elsewhere in Victoria.
- Turnkey matters more
- With a small deposit there is no room for extras mid-build. A turnkey price means flooring, blinds, driveway and landscaping are already paid for in the loan.
Which current packages fit
Haven 23 in Colac ($627,000, land $262,000) and Haven 23 in Armstrong Creek ($737,020, land $379,000) are both under the $750,000 grant cap with land under $600,000. Check your own eligibility before you rely on it.
Sources: State Revenue Office Victoria; Housing Australia. Rules as at September 2026.
