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 […]
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
UPDATE –> Stamp Duty Concession Update 1 July 2013 Summary From 1 July 2013 First home buyers will receive $10,000 if they purchase a new home (off the plan, land and building, etc). First home buyers will be entitled to a 40% reduction on stamp duty (subject to eligibility – see below).