As a first home buyer there are many benefits to building a new home over buying an established home. You get a brand new home with your choice of fixtures, finishes, facade and floor plan and you may be eligible for the First Home Owners Grant (FHOG), an Australian Government initiative that assists people buying their first home by providing a lump-sum payment to help with stamp duty costs and legal fees. The amount of the grant depends on the state you live in and your eligibility.
Visit www.sro.vic.gov.au for more information.