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Stamp Duty Abolished For Property Under $600K


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#1 PZ.

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Posted 06 March 2017 - 10:26 PM

After July, stamp duty will be abolished for first home buyers purchasing a property valued below $600,000, the Victorian Government says.

 

From July discounts will also be available for property purchases between $600,000 and $750,000 on a sliding scale, regardless of whether they are new or established homes.

 

Other changes are a new tax of 1% on unoccupied houses.

 

Pros and Cons of the above are covered in this article > http://www.abc.net.a...ictoria/8325970


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#2 green guy

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Posted 08 March 2017 - 10:18 AM

Pity its not given to seniors buying a second home. WE were lucky last time and sd wa waved but bought a place we hated. Now found a much better home but doubtful we will get it again.

Be careful of down sizing. 


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