Stamp Duty Slashed by 50 Per Cent!
8 December 2020
Melbourne has the highest rate of Stamp Duty tax in Australia. Any relief is therefore welcome news, and thanks to recent announcements in the Victorian State budget that’s exactly what we’re getting.
Until the end of June 2021, you can build your new home at Riverhills and save a whopping 50% on Stamp Duty – or up to $27,500! If you buy an existing home you can still save 25% (up to $13,750), but the incentive to build is obvious.
The only catch (apart from the June deadline) is that your home must cost less than $1 million, which is extremely doable with the range of affordable House & Land packages we offer here at Riverhills!
And this discount is available to everyone, not just first home buyers who already benefit from zero Stamp Duty on properties under $600,000 and concessions for homes under $750,000.
So, with HomeBuilder set to continue for another three months and interest rates at record low levels, make this Stamp Duty discount the final push that gets you into your dream home on the best land in Wollert! Get in touch today.