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Changes For First Home Buyers

The Victorian State Budget 2011-12 implements several initiatives to support first home buyers, pensioners and concession cardholders.

What does this mean for you as a first home buyer?

1.  Land transfer (stamp duty) cuts for first home buyers from 1 July 2011.  This provides a 20% reduction to the applicable stamp duty for first home buyers.

2.  Extending the First Home Bonus for newly constructed homes until 30 June 2012.

3.  Broadening the pensioner and concession cardholder land transfer duty concession.

Feel free to read more via the fact sheet below or contact our Mortgage Specialist, Carl Creasey for a free home loan review or discussion on how you can get into your first home sooner.

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