What do the July 1 Victorian Government housing initiatives mean for me?
We’ve put together a quick summary on the recently announced Victorian Government’s new housing initiatives to make housing more affordable across the state. This includes a stamp duty exemption for first homebuyers, a doubling of the first homebuyer grant in regional Victoria, and a host of other initiatives. These changes are to come into effect for contracts signed after 1 July 2017.
So what are the facts you need to know, and how will it affect first homebuyers, investors and developers?