Last year, the Victorian government slashed stamp duty for new home buyers and investors.
To encourage property purchases in Victoria, anyone buying a newly built property of up to $1mil in value can save a whopping 50% on stamp duty thanks to the relief scheme.
However, this offer is set to expire on June 30, 2021, so time is running out.
Stamp duty comprises a significant payment, usually in the range of tens of thousands of dollars. For example, a $450,000 home purchase might require a stamp duty payment of around $22,070.
With the 50% rebate, you’d only be paying half that – $11,035!
Melbourne is set to overtake Sydney as the nation’s biggest capital in the near future. This is why here at DDP Property we strongly recommend our clients to purchase property in Melbourne and nearby suburbs.
If you have been thinking about entering the property market, now is definitely the time.
The DDP Team will make things happen fast and make sure you don’t miss out on this great deal.
Contact us today to secure that 50% off stamp duty before June 30th.