The Victorian Government has introduced measures to help stimulate the building industry, encourage more Victorians to move away from the Metropolitan areas and help First Home buyers enter the housing market.
To achieve this, the government has doubled the First Home Buyers grant to $20,000 for people who purchase a New property in Regional Victoria. They have also abolished stamp duty on new homes up to the value of $600,000. The First Home Buyers grant is available for New Homes only.
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