The Victorian Government has announced the first homeowner grant will be doubled in regional Victoria, helping thousands of Victorians buy their first home. Expected to help up to 6,000 first home buyers, the grant will increase from $10,000 to $20,000, commencing 1 July 2017.

The increased grant will be available to first home buyers building new homes valued up to $750,000, and is an additional $50 million investment in regional Victoria over the next three years.

The changes will make it easier for first home owners in regional Victoria to build and live in their own community, as well as boosting local construction jobs and development.