Victoria
$500 Million Victorian Homebuyer Fund | Who Can Apply?
On 8 October, Premier Dan Andrews revealed a $500 million Victorian Homebuyer Fund (VHF) to help 3,000 aspiring home buyers purchase a property in the state. The biggest benefit of the scheme is that you can buy a home in Victoria with a deposit as low as 5%. The Victorian government...
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Increase In Fixed Interest Rates On The Horizon
The Reserve Bank of Australia (RBA) had increased its Term Funding Facility (TFF) for banks to $200 billion until June 2021. However, with TFF ending on 30 June 2021, how will it affect you? What is a term funding facility (TFF)? The term funding facility (TFF) was announced...
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Stamp Duty Victoria—How Will The Planned Increase Affect Homebuyers?
Victoria has planned an increase in its property tax. This hike will further increase an already high stamp duty Victoria has compared to other states. The plan is now hotly debated; many charge the state government of unfairness. If the planned tax hike goes through, homebuyers...
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Victoria Plans To Increase Stamp Duty By 18%
The Victorian government is proposing an 18% increase in stamp duty and an increase in land tax, and a new tax for property developers. The plan is to raise $2.4 billion over the next four years to support Victoria’s economic recovery. What are the proposed changes? Tax What...
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Victoria Announces Stamp Duty Waivers Plus $6 Billion For Housing
In its 2020-2021 state budget, the Victorian government announced that it will invest $6 billion to build more than 12,000 new social and affordable homes and make housing more accessible and affordable for Victorians. According to the government, the package is Australia’s...
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