Vic govt offering tax sweeteners to entice off-the-plan buyers

[{"selector":"#anim-257d2c09-ac3a-4615-a78d-f2dd0e651c6f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more LOOKING to define itself on housing policy, Victoria’s Allan government will slash stamp duty on off-the-plan apartments, units and townhouses in a bid to attract demand to...

[{"selector":"#anim-d9a123b9-739e-4ab1-b999-c4f7fbb750eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The announcements are in tandem with its ambitious Housing Statement, released a year ago, which aims for the delivery of 800,000 homes over a decade...

[{"selector":"#anim-bb7f7899-17a4-4ab2-80b6-4555fadd67f0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more It said yesterday’s stamp duty concession announcement would “cut upfront costs, speed up building, and make it more affordable for everyone to buy off-the-plan”...

[{"selector":"#anim-239fd738-2d9b-4067-99ed-a260405f8fb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Premier Jacinta Allan was in North Fitzroy to trumpet the one-year stimulus, which will allow anyone buying an apartment, unit or townhouse off-the-plan to claim the concession...

[{"selector":"#anim-d517b6b5-f593-49c5-8647-5f342310b5be [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Currently, first home buyers and owner-occupiers can access a stamp duty concession when they buy off-the-plan, allowing construction costs to be deducted from the sale price when...

[{"selector":"#anim-08554a6f-813c-46c3-87b8-2601855e5ff3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The saved depends on how much construction has occurred. Generally, someone buying an apartment off-the-plan is likely to pay about a quarter of the stamp duty they would pay...

[{"selector":"#anim-9d681827-8bf5-4240-b9b3-a0a0e012d921 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Melbourne’s rental market is witnessing a crushingly low vacancy of 1.67%, according to the latest PropTrack data. Only 2,100 apartments were launched for sale to the market in...

[{"selector":"#anim-2d1d9494-4d15-4f5a-9242-1a65f74329de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Units must be in a strata subdivision to be eligible. House and land packages or other dwellings that are not part of a strata subdivision are not eligible for the extended concession...

[{"selector":"#anim-906d8d24-912d-402c-8180-8f13d9bde225 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more CoreLogic’s head of research, Eliza Owen said historic lending data from the Australian Bureau of Statistics show the biggest surges in first home buyer activity have...

[{"selector":"#anim-50137184-2f5d-479f-8180-c10d3e38adf9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more South Australia’s Malinauskas government announced in the middle of this year it would cut stamp duty for first home buyers who buy a new home...

[{"selector":"#anim-93a1a48f-a25b-4cae-962b-02cc2a06acca [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more 50-suburb supply push In an expansion of the government’s Activity Centre program, Premier Allan and Minister for Planning Sonya Kilkenny visited Middle Brighton train station on the weekend to...

[{"selector":"#anim-464a8531-fe65-4457-8879-a29b473543dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.4034399948172863e-15%, 2.5495635385903583e-7%) scale(0.8403361344537815)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Is this the right kind of supply for increasing home ownership? High-density unit development in Melbourne was common in inner-city areas throughout the 2010s, but...

[{"selector":"#anim-3def42c9-01b8-4164-80d9-0c053d795076 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more For millennials having kids and seeking a family home, high rises are not traditionally a popular option – 2021 census data showed just 1.7% of one-family households resided in...

[{"selector":"#anim-21a5c83b-d986-4f54-91a1-1ae3e9413ae9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Council to Homeless Persons last week urged the Victorian government to develop at least 6,000 public and community dwellings each year for a decade to...

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Vic govt offering tax sweeteners to entice off-the-plan buyers

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