The recent Victorian Budget has plenty for homebuyers at Harriott, Armstrong Creek with major stamp duty discounts, grants, and funding schemes.
To help you navigate these initiatives, here’s a guide of the incentives you may be eligible for:
Tax relief on stamp duty
The government will waiver stamp duty by 50% for new residential properties up to the value of $1 million. This massive saving is double the waiver for existing residential properties and could provide you savings of up to $27,500* on contracts entered before 30 June 2021.
First Home Buyers Grant
For first home buyers looking to live at Harriott, Armstrong Creek the extension of the $20,000* First Home Owners Grant will continue to make purchasing a home easier in regional Victoria. This grant is double the $10,000* grant offered in Metropolitan Melbourne and will be available for eligible buyers who purchase prior to June 30 next year.
Take advantage of the benefits of solar with funds set aside to deliver an extra 42,000 home solar rebates and batteries. If you’re looking to integrate solar into your new home, this is a great incentive for greener living. Plus, you may be able to save on your electricity bill!
The Victorian Homebuyer Fund
A $500 million Victorian Homebuyer Fund will offer support to first home buyers. The fund will contribute to the purchase price in exchange for a proportionate equity interest in the property. This will reduce the deposit required and will help make first homes more affordable.
For future residents at Harriott, connectivity is top of mind with $2billion allocated to the Geelong Fast Rail, matching the Commonwealth’s contribution to the project. This exciting new project will see the travel time between Melbourne CBD and Geelong reduced to just 30mins!
The Victorian Budget 2020 coupled with the recent increase in places in the Federal Governments First Home Loan Deposit Scheme has plenty of options to support you in purchasing a property.
To book a 1:1 consultation with Joyce to discuss these opportunities and land available at Harriott, click here to book an appointment.