First Time Buyers Allowance And Stamp Duty In Victoria
 

We are hoping to settle in the Melbourne area somewhere and possibly buy a build-off-plan house. I've heard that doing it this way enables you to pay less Stamp Duty. Does anybody know the figures on this and also what criteria you need to qualify for the first time buyers house allowance that I've read about on this thread.

Thanks

Chris

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Well WA's 1sr time grant is $7000, you have to be resident in the house within 12 months of purchase, the rules for new builds are different though.
Jenny

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Hi Chris,

You can get a first time buyers grant for $7000 in Victoria to help with your stamp duty, and I have heard that you can get an additional $5000 also but that runs out this year. There are a few restrictions.

Kathy

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Hi Kathy,
Thanks for the information. Do you know what Stamp Duty rates are in Victoria please ?

Thanks

Chris

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Chris,

Have a look at this, if you understand it all can you explain it to me, we are looking to do the same as you in Melbourne

http://www.sro.vic.gov.au/sro/sroweb...t=iso-8859-1#1

Stu

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Yes, I understand it. Which bit don't you follow ?

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

How much is the Stamp duty?

And Im i right in thinking if you go & buy land & build you only pay stamp duty on the land. Is this correct

Stu

Re: First Time Buyers Allowance And Stamp Duty In Victoria
 

Yes, I believe that is correct. I'm just waiting confirmation from a friend of mine in Aus. Will let you know if it is not the case.