First Home Buyers
Double the First Home Owner Grant for regional Victoria
Abolishing stamp duty for first home buyers
About this initiative
From 1 July 2017, first home buyers purchasing properties valued below $600,000 will be exempt from paying stamp duty. Further, first home purchases valued between $600,000 and $750,000 will receive a concession applied on a sliding scale. It will be available for new and established home purchases.
This initiative gives first home buyers across the state a helping hand, by substantially reducing the upfront cost of purchasing a home.