Stamp Duty Waiver

Foula Markos

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The Victorian Government recently announced a stamp duty waiver for purchasers of Victorian properties with a value of up to $1,000,000.

What this means to you:

• You will be able to purchase a new residential property and receive a 50% waiver of stamp duty
• You will be able to purchase an existing residential property and received a 25% waiver of stamp duty
• You will be able to purchase residential vacant land and receive a 25% waiver of stamp duty

The waiver is applicable to contracts of sale entered into from 25 November 2020 until 1 July 2021.

For more information, please do not hesitate to contact Foula Markos of our office on 9853 0311.