Sell with Confidence
Read More
News

Victoria Abolishes Stamp Duty

By Property Management

Earlier this month, premier Daniel Andrews announced a scheme to have stamp duty cut for first home buyers in Victoria.

Starting July 1, 2017, if the government plan is approved, anyone buying a house for the first time will not pay stamp duty, providing the value of the house is up to $600,000 and has been lived in for at least 12 months.

With all the obstacles first home owners are faced with to purchase a house, the scheme is aimed to help those who are trying to break into the property market.

“In the past, if you worked hard and saved enough, you could afford to buy your own home. Now, that’s getting harder and harder,” Mr Andrews said.

This exemption is said to help 25,000 homebuyers, each year and each could save up to $8000. Mr Andrews has said that this cut will help even out the playing field for first home buyers.

“They’re battling rising prices, they’re competing against investors and they’re up against federal government policies that advantage existing owners.”

Up to Date

Latest News

  • Build it for the kids. Auction success.

    22 Hulme Street, Palmview Sold for $630,000 by Natalie Tink It’s not every day you get to be part of a project that’s makes a real difference to the lives of Sunshine Coast children. Agent Natalie Tink says the recent sale of 22 Hulme Street, Palmview was something Ray White … Read more

    Read Full Post

  • Setting new sales benchmarks in the Kuluin market

    IT was smiles all round for both the vendors and the new owners of 290 Main Rd, Kuluin, with agent Rowan Woodbine, successfully selling both parties properties to create one big happy ending! Developing a close connection with the vendors since first selling them the property two and a half … Read more

    Read Full Post