What do you need to know about buying a property in Victoria?

What do you need to know about buying a property in Victoria?

Please note, there are obligations you must meet as an ongoing owner of a property in Victoria. If you are buying a new first home, buying an existing property that is for sale as a residential premises for the first time, or building a first home, you may be eligible for one or more of the following:

What kind of tax breaks can you get when buying a property in Victoria?

You may be eligible for the First Home Owner Grant (FHOG) and one or more duty exemptions and concessions when you buy property in Victoria. These include, but are not limited to: FHOG – a one-off grant of $10,000 for new first homes ($20,000 for new homes in regional Victoria) valued up to $750,000.

Is there a duty exemption for first home buyers in Victoria?

A one-off grant (FHOG) of $10,000 for new first homes ($20,000 in regional Victoria) for homes valued at $750,000 or less. A first home buyer duty exemption for new homes valued up to $600,000 or a first home buyer concession for homes value from $600,001 to $750,000 if you enter into your contract on or after 1 July 2017.

Where did Jeffrey Epstein sell his townhouse in NYC?

The controllers of Epstein’s estate closed on the sale of the townhouse at 9 E. 71st Street on Monday, estate attorney Bennet Moskowitz said at the hearing, which was part of a civil suit brought by an unnamed woman who claims she was sexually abused by Epstein starting at the age of 15.

What’s the average price of a house in Melbourne?

The median asking price for a 2 bedroom house for sale in Melbourne is $640,000, for a 1 bedroom unit for sale in Melbourne is $341,000, for a 2 bedroom unit for sale in Melbourne is $570,000 and for a 3 bedroom unit for sale in Melbourne is $875,000.

What’s the tax rate on buying a property in Victoria?

The Victorian Government has announced a range of tax relief measures that may assist. The rate of duty, starting at 1.4% and rising to 5.5%, depends on the value of your property. If you are a foreign purchaser there is an additional duty of 8%. We charge duty based on dutiable value. This is the higher of:

Where can I Find my unclaimed money in Victoria?

The Victorian Unclaimed Money Register The records in the register include all funds lodged since 1 July 1997 equal to or greater than $20. Amounts lodged before 1 July 1997, are kept in hardcopy under the name of the lodging organisation.

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