MORE than 5000 first-home buyers have bought a property without paying stamp duty since a waiver was introduced for them on July 1.
The Labor Government is attempting to making housing more affordable for first-home buyers. Picture: iStock
First Home Buyers Checklist
MORE than 5000 Victorian first-home buyers have dodged a stamp duty payment for their first home, according to new figures from the State Revenue Office.
Announced by Premier Daniel Andrews today, the data captures property sales to first time buyers who have bought at or below $600,000 since July 1.
The Premier made the announcement in Northcote, and said localised figures for the City of Darebin showed there were also first-home buyers taking advantage of a sliding scale for stamp duty on properties purchased between $600,000 and $750,000.
He said there had been 29 who accessed the discount between July 1 and October 31. A further 85 bought without paying any stamp duty in the municipality.
“We will continue to invest in more affordable housing, more public housing, more social housing and looking at innovative ways in which we can deliver the housing security and affordability that Victorians want,” Mr Andrews said.
The government announced a sweeping range of measures to address housing affordability in May this year, with most of the features coming into effect in July, including the stamp duty waiver.
Clare Burns will contest a by-election for the seat of Northcote as a Labor candidate.
Ms Burns said as a tenant in the area, she had first-hand experience with the need to do more to make housing affordable for Victorian first-home buyers.
“This government understands what it’s like for me and the 40 per cent of this community who rent, why people are struggling to buy a home, they get what it’s like and that’s why they’re taking action,” she said.
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Source: News.com.au
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