{"id":31895,"date":"2020-04-30T00:23:28","date_gmt":"2020-04-29T14:23:28","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/first-home-owner-grant-extended-for-12-months\/"},"modified":"2020-04-30T00:23:28","modified_gmt":"2020-04-29T14:23:28","slug":"first-home-owner-grant-extended-for-12-months","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/first-home-owner-grant-extended-for-12-months\/","title":{"rendered":"First Home Owner Grant extended for 12 months"},"content":{"rendered":"

THE Andrews Government is extending the $20,000 First Home Owner Grant for people buying or building a new home for an extra 12 months, in another measure to support Victorians through the coronavirus pandemic.
\nThe extension is intended to give more Victorians the opportunity to live locally, take advantage of falling prices and enter the market for the first time.
\nLast week, Treasurer Tim Pallas announced the regional grant \u2013 which had been due to end in June \u2013 would be extended to the middle of 2021.
\nThe change was included in legislation that Labor passed in the emergency sitting of Parliament last week.
\nIn July 2017, Labor doubled the regional First Home Owner Grant<\/a> from $10,000 to $20,000. Since then, more than 8,800 regional First Home Owner Grants have been provided, saving Victorian families $176 million.
\nThat includes more than 276 grants for the Surf Coast, worth almost $5.5 million in savings.
\nThe grants have also been popular in the Armstrong Creek growth corridor.
\nWarralily general manager Mark Whinfield welcomed the extension of the regional grant, which he said strengthened Greater Geelong\u2019s position as a very attractive market for first home buyers.
\n\u201cWhen the grant was introduced in 2017, Warralily saw a significant growth in sales of more than 30 per cent that was driven by first home buyers.
\n\u201cIn times like this, buyers are making prudent decisions and recognise the substantial benefit of buying land in Geelong to build their dream home on, including the regional grant and stamp duty exemptions.
\n\u201cThe Geelong region is increasingly recognised as a great lifestyle choice, which is enhanced by the value for money advantage over suburban Melbourne.\u201d
\nModelling by the Department of Treasury and Finance predicts property prices may fall by up to 9 per cent by the end of 2020, with the severity of the downturn dependent on how long restrictions are required to remain in place.
\nTo be eligible for the grant, the purchaser or purchasers must be first home buyers in one of 48 local government areas buying or building a property valued at $750,000 or less and it must be used as the principal place of residence for 12 continuous months following settlement.
\n\u201cWith property prices slowing due to coronavirus, this is a great time for people who are ready to buy,\u201d South Barwon Labor MP Darren Cheeseman said.
\n\u201cThe doubling of the grant \u2013 now the extension \u2013 is just another way we\u2019re supporting families get into the market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

THE Andrews Government is extending the $20,000 First Home Owner Grant for people buying or building a new home for an extra 12 months, in another measure to support Victorians through the coronavirus pandemic. The extension is intended to give more Victorians the opportunity to live locally, take advantage of falling prices and enter the […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":142,"featured_media":31896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-31895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nFirst Home Owner Grant extended for 12 months - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/first-home-owner-grant-extended-for-12-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Home Owner Grant extended for 12 months - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"THE Andrews Government is extending the $20,000 First Home Owner Grant for people buying or building a new home for an extra 12 months, in another measure to support Victorians through the coronavirus pandemic. The extension is intended to give more Victorians the opportunity to live locally, take advantage of falling prices and enter the [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/first-home-owner-grant-extended-for-12-months\/\" \/>\n<meta property=\"og:site_name\" content=\"Geelong Times\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-29T14:23:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/wp-content\/uploads\/sites\/21\/2020\/04\/Warralilyaerial_10566-e1588138037290.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"James Taylor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/\"},\"author\":{\"name\":\"James Taylor\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/#\\\/schema\\\/person\\\/c1765be3a722a2023e6ce64487db8b45\"},\"headline\":\"First Home Owner Grant extended for 12 months\",\"datePublished\":\"2020-04-29T14:23:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/\"},\"wordCount\":401,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/21\\\/2020\\\/04\\\/Warralilyaerial_10566-e1588138037290.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/geelongtimes\\\/news\\\/first-home-owner-grant-extended-for-12-months\\\/\",\"name\":\"First Home Owner Grant extended for 12 months - 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