- 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
- $10K FHOG to be available for homes built in Metropolitan area
- Stamp Duty Sliding scale examples for purchase price > $600,000:
- Purchase $650,000 – FHOB fee $ 11357 (Full stamp duty fee $34,000)
- Purchase $700,000 – FHOB fee $ 24713 (Full stamp duty fee $37,030)
- Purchase $745,000 – FHOB fee $ 38434 (Full stamp duty fee $39,730)
