The State Government has pathed their roadmap to economic advancement following the impact of the Covid-19 pandemic. The property industry has been identified as holding great capacity to generate the necessary funds required to aid Victoria’s recovery and progression. In somewhat of a reprieve for Victorians who are struggling to purchase a home in the current market, it will be seemingly the most financially secure developers and landlords in the industry who are impacted. The key points to note include […]

An off the plan purchase is a purchase of a dwelling (house, apartment or townhouse) or land prior to its construction or subdivision. Purchasing off-the-plan can sometimes enable you to enter the property market at a lower price (albeit not always the case). This is possible as developers offer lower prices and financial incentives (such as rebates) in order to secure enough pre-sales to start the project. Thus, providing a great opportunity for both investors and home buyers. Whilst there […]

As the Victorian Government moves to cut stamp duty for first home buyers, find out what it means for you. 1 July is here, and it brings good news for first home buyers across Victoria: stamp duty will be completely abolished for properties valued under $600,000. For properties valued between $600,000 and $750,000, first home buyers will receive a variable concession (applied on a sliding scale). There is currently no stamp duty concession for first home buyers on properties valued […]

A number of changes were announced on 28 April 2013 relating to state taxes and grants for 2013/14. The changes effective from 1 July 2013 relate to: First Home Owners Grant Incentive First Home Buyer Duty Reduction New Stamp Duty Reduction Forms