Great News for First Home Buyers

Commencing July 1st this year, the Victorian State Government implemented stage one of a series of stamp duty cuts for all eligible first home buyers of 50% over the next four years, commencing with a 20% cut on July 1st.

The stamp duty cuts are supported by the State Government’s commitment to maintain the existing current First Home Buyers Grant and bonus for new homes, further improving affordability for first home buyers.

So if you are buying your first home, the purchase price is not greater than $600,000 and the home will be your primary place of residence – you should now be taking advantage of a 20% discount on stamp duty.

If you are looking to purchase your first home at the moment, it is sensible to establish your eligibility with the State Revenue Office before you commit to a purchase. The first step is to look at the information at the SRO website at

The next step is to get in touch with the helpful sales team at McDonald Real Estate – click on “Our Team” to find the right Sales Consultant for you.