Grant gives home market solid kick start

24 Jan 2018 Cobram Courier, Cobram VIC (General News) First home buyers are taking advantage of the new and improved first home owner grant, with 16 applications in Moira Shire in the first six months. As of 1 July 2017, the first home owner grant, which applies to all new homes, was doubled in regional Victoria from $10,000 to $20,000. The Homes for Victorians package also abolished stamp duty for first home buyers purchasing new and existing homes up to $600,000, and discounted stamp duty up to $750,000. The increased grant is available to first home buyers building new homes valued up to $750,000. The grant will be applicable to contracts signed from 1 July 2017 to 30 June 2020. This initiative is giving first home buyers in Northern Victoria a chance to enter the property market and own their dream home in country Victoria, Member for Northern Victoria Jaclyn Symes said. Labor is helping families to stay in their home town and also providing incentives to attract people to move to country Victoria Licensed by Copyright Agency. You may only copy or communicate this work with a licence.