First Home Buyer Stamp Duty Concession Victoria
If you are a first home buyer then you can have access to the First Home Buyer stamp duty concession which in Victoria is waived up to purchases of $600,000.
If you are looking to purchase above $600,000 then you still maybe eligible for discounted stamp duty through the state revenue office. You can check what stamp duty is payable on the Stamp Duy Calculator by clicking here.
It’s also worth noting you will have to pay an addition levy which is the land transfer duty- generally if you allow $2,000 it’s enough to cover it. It varied depending on the purchase price – you can check it out here..
Stamp duty and land transfer duty are just a couple of things that should be considered prior to buying your first home. This is why you need to dealing with an expert who will help you with everything.