Measures announced in the Victorian Budget that will affect legislation administered by the SRO

May 22, 2017 Anna Eydlish

Stamp Duty to be abolished for first home buyers purchasing a property up to $600K and a sliding scale for a property form 601K to 750K. Applies to Contracts entered into from 1 July 2017
$20K FHOG to be available for homes built in regional Victoria
Off-the-Plan concessions to apply only to buyers who occupy the property as PPR. Applies to Contracts entered into from 1 July 2017
Property transfers between spouses and de facto partners involving commercial and/or investments properties to be no longer exempt from stamp duty. Applies to Contracts entered into from 1 July 2017
A vacant residential property tax to be applied to certain properties in Melbourne. To commence on 1 January 2018.