{"id":32582,"date":"2021-05-31T08:57:09","date_gmt":"2021-05-30T20:57:09","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32582"},"modified":"2021-05-31T08:57:58","modified_gmt":"2021-05-30T20:57:58","slug":"buyers-rush-to-cash-in-on-victorias-20k-first-home-owner-grants","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buyers-rush-to-cash-in-on-victorias-20k-first-home-owner-grants\/","title":{"rendered":"Buyers rush to cash in on Victoria&#8217;s $20K first-home owner grants"},"content":{"rendered":"<p><strong>PHOTO: Home builders will be busy in regional Victoria as buyers rush to cash in on the $20,000 First-Home Owner Grant.\u00a0<span class=\"photographer\">Photo:\u00a0iStock<\/span><\/strong><\/p>\n<p class=\"first-para\">First-home buyers are rushing to snap up house and land packages in regional Victoria before the state government\u2019s $20,000 <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=First+Home+Owners+Grant&amp;submit=Search\">First Home Owners Grant<\/a> (FHOG) is halved to just $10,000.<\/p>\n<p>Home building companies say land is selling in a matter of hours and they are experiencing a stampede of desperate buyers similar to when the federal government\u2019s HomeBuilder scheme ended in March.<\/p>\n<p>Victoria\u2019s FHOG of $20,000 has been on offer to first-home buyers building a new home in regional Victoria since 2017, but\u00a0<a href=\"https:\/\/www.domain.com.au\/news\/victorian-budget-2021-first-home-owners-grant-to-be-halved-in-regional-victoria-1056070\/\" target=\"_blank\" rel=\"noopener\">the\u00a0<\/a>recent state Budget revealed\u00a0this amount would drop to $10,000 after June 30 this year, bringing it in line with grants in metropolitan areas.<\/p>\n<figure class=\"wp-caption alignnone lead-wide size-full\" style=\"width: 664px;\"><img fetchpriority=\"high\" decoding=\"async\" id=\"1058493\" class=\" alignnone\" src=\"https:\/\/res.akamaized.net\/domain\/image\/upload\/t_web\/v1622089760\/iStock-896402230_bc63mu.jpg\" alt=\"Home builders\" width=\"664\" height=\"443\" \/><figcaption class=\"wp-caption-text\"><em><strong>Home builders will be busy in regional Victoria. Photo: iStock<\/strong><\/em><\/figcaption><\/figure>\n<p>Metricon\u2019s general manager for regional housing Victoria, Phil Barrett, said the grant change had seen those considering building a new home in regional centres pushing forward plans to cash in.<\/p>\n<p>\u201cWe\u2019ve experienced another big rush of sales to secure a new home, similar to the surge we saw earlier in the year when the HomeBuilder scheme drew to a close,\u201d Mr Barrett said.\u00a0\u201cRight across the state, we\u2019re seeing people who have been considering buying their first home in regional Victoria, with an [extra] $10,000 incentive to make their decision within the next four weeks.\u201d<\/p>\n<p>Home-builders Burbank had also seen an \u201cimmediate increase\u201d in enquiries following the announcement.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/the-rush-to-cash-in-on-victorias-20k-first-home-buyer-grants-1058477\/\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Home builders will be busy in regional Victoria as<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/buyers-rush-to-cash-in-on-victorias-20k-first-home-owner-grants\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478104870,478101852,478108149,478116272,478116274,478098519,478098535,478098537,478116273,478098513,478098579,478098510,478098511,478098533,478098509],"class_list":["entry","author-data123nz","post-32582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-burbank","tag-fhog","tag-first-home-buyers-2","tag-first-home-owner-grants","tag-home-building-companies","tag-home-ownership","tag-house-prices","tag-melbourne","tag-phil-barrett","tag-property","tag-property-market","tag-property-news","tag-real-estate","tag-real-estate-agent","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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