The Victorian Government recently introduced changes targeted at first home buyers. The initiatives include raising the FHOG (First Home Owners Grant) in regional areas and abolishing stamp duty. For some people, the increase in the FHOG could remove the deposit/savings history obstacle - selected lenders (check with yours, please) will allow the grant to be used as such.
In addition to the FHOG government assistance, first home buyers are also eligible for concessions on stamp duty for the purchase of vacant land.
That means, as a first home buyer, you are exempt from Stamp Duty on your land up to $300,000.
Great, then all you need to do is to drop us a line. We’ll listen to what you want, then we’ll make it happen in the easiest and fastest way possible. Plus we can sort out everything for you – from FHOG and finance, to finding the perfect block and designing your new home. Whatever you need, we’ll tick it off for you. Let's do this!