The Victorian Government has announced big savings for homebuyers with a reduction in stamp duty in its recent State Budget. This applies to both newly built homes and existing homes until June 2021 under the value of $1 million. This means anyone signing a contract on a new home before the middle of next year will be eligible for a 50 per cent reduction in stamp duty on the property.
Those purchasing existing homes will still reap the benefits albeit at a smaller rate of 25 per cent. The savings in stamp duty mean homebuyers can enter the market sooner and also take full advantage of other government incentives such as the $10,000 First Home Owner Grant or the First Home Loan Deposit Scheme to maximise their opportunities in the market, if eligible. Plus, interest rates are at an all time low.
Accolade Estate in Rockbank has just released its latest stage with house and land packages starting from $392,800. Available with only a 5% deposit. To learn more, contact the Sales Team on 1300 268 629 or visit the Sales Office at 1220 Leakes Road, Rockbank open 7 days, 11am - 5pm.
