Understanding the income thresholds for Victorian first home buyer grants and concessions is crucial when preparing to sell your property, as it significantly impacts your potential buyer pool. As of December 2025, these limits determine eligibility for schemes like the First Home Guarantee and the First Home Owner Grant.
In 2026, for the First Home Guarantee (a government scheme allowing a deposit of as little as 5%), single applicants require a taxable income of $125,000 or less per financial year. For couples or joint applicants, this limit is $200,000 combined. The First Home Owner Grant, which provides a $10,000 grant towards purchasing a new home, has a similar income threshold. It’s important to note that these limits are reviewed periodically. Currently in Melbourne, particularly in the Eastern Suburbs where family homes are in high demand, a significant proportion of buyers are first home buyers utilising these schemes. This means properties priced within the grant’s price cap ($750,000 for new homes, $660,000 for established homes as of December 2025) often attract strong interest. Sellers should be aware that buyers will be factoring these income limits into their purchasing power. Fletchers’ agents routinely qualify potential buyers to understand their financial position and eligibility for these programs.
These income limits are a key consideration for both buyers and sellers navigating the Victorian property market in 2026.