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First Time Buyers Allowance And Stamp Duty In Victoria

First Time Buyers Allowance And Stamp Duty In Victoria

Old Jan 16th 2005, 1:43 pm
  #1  
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Default 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
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Old Jan 16th 2005, 1:58 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

Originally Posted by eintracht
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
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
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Old Jan 16th 2005, 3:26 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

Originally Posted by eintracht
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
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
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Old Jan 16th 2005, 3:58 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

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

Thanks

Chris
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Old Jan 16th 2005, 5:58 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

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

Thanks

Chris
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
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Old Jan 16th 2005, 6:54 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

Yes, I understand it. Which bit don't you follow ?
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Old Jan 16th 2005, 6:59 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

Originally Posted by eintracht
Yes, I understand it. Which bit don't you follow ?
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
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Old Jan 16th 2005, 7:44 pm
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Default Re: First Time Buyers Allowance And Stamp Duty In Victoria

Originally Posted by bert-doozer
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
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.
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