Temporary off-the-plan stamp duty concession
The Victorian Government has introduced a temporary off-the-plan stamp duty concession to boost housing supply. This could save eligible buyers tens of thousands of dollars when buying new apartments, units or townhouses. Off-the-plan (OTP) concession When you buy property, you pay stamp duty on the total contract price. With purchasing off-the-plan, eligible buyers are able […]
Australian Government 5% Deposit Scheme
One of the biggest obstacles as a first home buyer is often saving for a deposit and the cost of lenders mortgage insurance (‘LMI’). The 5% Deposit Scheme (‘Scheme’) is a federal government initiative designed to help eligible home buyers to purchase a property without the need to save the traditional 10-20% deposit or pay […]
