The Savings Tip Jar

How is Victoria minimising stamp duty for off-the-plan builds? With Emma Duffy from Your Investment Property Magazine


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This week, on our fortnightly property chat with Emma, we discussed the big news coming from Victoria this week. Yes, you might have heard that the state government is minimising stamp duty for those who buy an off-the-plan, strata-titled property.

Essentially, the construction costs will be minimised from the total value of the package. While this doesn't eliminate stamp duty entirely it could save a lot of cash.

Emma runs us through critics' and experts' opinions on the scheme, and answers a few of our questions.

Questions remain however on if this applies to say, freehold townhouses, which are common in Melbourne. If the government wants to densify Melbourne, then this might be a glaring omission.


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The Savings Tip JarBy Savings.com.au