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The Victorian Budget 2011-12 implements several initiatives to support first home buyers, pensioners and concession cardholders.
The initiatives introducted in the 2011-12 Budget are:
• land transfer duty cuts for first home buyers from 1 July 2011
• extending the First Home Bonus for new homes until 30 June 2012
• broadening the pensioner and concession cardholder land transfer duty concession.
Reducing Land Transfer Duty for First Home Buyers
For settlement dates from 1 July 2011, first home buyers will become eligible for cuts to land transfer duty for purchasing homes worth up to $600 000.
Refer also to First Home Owners Grant update http://www.accessloans.com.au/articles/125-access-loans-first-home-owners-grant-update.html
Please contact our office or the S.R.O. for further information or clarification
(request fact sheet titled State Budget 2011-12 Assistance for Home Buyers)
Ph 1300 755 133
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Whilst every effort has been taken to ensure accuracy of above information, please refer to www.sro.vic.gov.au to undertake your own research and due diligence as to accuracy of information as well as to protect yourself from any changes/updates since this document was prepared. Conditions apply and some applicants may not qualify.
