Purchasing an apartment as a first home buyer in Melbourne is common, and often a more accessible entry point into the property market than houses, particularly as of December 2025. It involves navigating various government grants and concessions designed to assist those buying their first property.
Currently in Melbourne, first home buyers considering apartments should be aware of the First Home Owner Grant (FHOG) and potential stamp duty concessions. As of December 2025, the FHOG is $10,000 for established properties and up to $25,000 for newly constructed homes. Stamp duty concessions vary based on property value; in 2026, buyers may be eligible for a full or partial exemption depending on the purchase price. In the Eastern Suburbs, where apartment stock is growing, particularly around Box Hill and Doncaster, buyers often favour properties with good access to transport and amenities. Sellers preparing apartments for market in these areas realise that presentation is key – buyers prioritise light-filled spaces and modern finishes. A typical sales campaign, as managed by Fletchers, runs for 4-6 weeks, with inspection periods of 2-4 weeks. Marketing costs for an apartment campaign generally range from $3,000 to $8,000, reflecting the need to reach a broad buyer base.
Understanding these factors and available support is crucial for first home buyers considering an apartment purchase in Melbourne.