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VIC Separation Finance

Separation finance in Victoria

Specialist mortgage advice for people going through separation or divorce in Melbourne, Geelong, Ballarat, Bendigo. Refinance, buyouts, and fresh starts.

Book a confidential chat 08 8270 5138
$10,000
First Home Owner Grant
$0
Stamp duty on separation transfers
Approximately $977,000 (houses)
Median house price
Approximately 11,900-12,000 per year
Divorces per year
Melbourne guide

How we help in Victoria

Whether you are in Melbourne or regional VIC, our separation finance service works entirely online. We help with:

Melbourne's property market offers more affordable options than Sydney, but settlement buyouts still regularly exceed $400,000. Victoria's digital duties form process makes the stamp duty exemption application straightforward compared to some other states.

Stamp duty exemption in Victoria

Section 44(1), Duties Act 2000 (Vic)

Full exemption from land transfer duty when a property is transferred solely because of the breakdown of a marriage or domestic relationship. Must be formalised by Consent Orders or BFA. Apply via the Digital Duties Form through the State Revenue Office.

Without formal Consent Orders or a BFA, there is no stamp duty exemption. An informal agreement between you and your ex does not qualify. The stamp duty savings alone can be tens of thousands of dollars, which is one of the strongest reasons to formalise your property settlement.

First Home Owner Grant in Victoria

$10,000 for new homes up to $750,000

Victoria's FHOG may be boosted to $30,000 for new homes (check current rates as temporary boosts apply). First home buyer stamp duty exemption on properties up to $600,000.

If you previously owned a home with your ex, you may still qualify for the FHOG when buying a new home after separation. The key question is whether you personally lived in a property you owned. We can help you assess your eligibility.

Family Court in Victoria

Federal Circuit and Family Court of Australia (FCFCOA)

Victorian family law matters are handled by the FCFCOA, which has registries in Melbourne and regional centres.

Time limits: Married couples have 12 months from the date of divorce to commence property settlement proceedings. De facto couples have 2 years from the date of separation. If you miss these deadlines, you may lose your right to claim.

How lenders assess separation borrowers in VIC

When you apply for a home loan after separation, lenders consider:

Support services in Victoria

Legal aid

Victoria Legal Aid - 1300 792 387

Crisis support

Safe Steps - 1800 015 188 (24/7)

Family Relationship Advice Line

1800 050 321 (Mon-Fri 8am-8pm, Sat 10am-4pm)

National Debt Helpline

1800 007 007 (free financial counselling)

1800RESPECT

1800 737 732 (24/7 DV and sexual assault counselling)

Other states

We help clients across all of Australia. See our state-specific guides:

New South Wales Queensland Western Australia South Australia Tasmania Australian Capital Territory Northern Territory

True wellbeing begins at home.

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Book a confidential chat 08 8270 5138