First home buyers: Stamp duty cuts for houses worth up to $600,000
This is good news for first home buyers. If the Government paved the way for more supply, and the millennial generation was prepared to buy further out then this 3 pronged approach will assist. Let’s not forget that the Andrews Government is predominately useless and should be ousted and this step of abolishing stamp duty was slow in coming. The Andrews Government perhaps could be on morphine and hence why they are slow to react to reality, I just do not know.
Long-awaited reforms to be unveiled on Sunday will give new home owners savings of up to $15,000 by exempting them from stamp duty on new and existing properties, in a bid to help more Victorians to break into the expensive housing market.