9 February 2013
STATE GOVERNMENT’S PROMISE ON STAMP DUTY CUTS Victorian home buyers currently pay the highest stamp duty rates of any state in Australia. Therefore the real estate industry has welcomed the commitment by the new Coalition State Government to cut stamp duty for all eligible first home buyers. Mr Baillieu promises that existing rates will be trimmed by 20 per cent from July 1 next year under his plan and by a further 10 per cent in each following year of a Coalition government. Many agree that the overall 50 per cent cut for first home buyers will go a long way to addressing affordability for first home buyers and bring Victorian rates in line with other states across Australia.
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104 Somerville Road 9316 9000
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The new government has also pledged to maintain the current first home buyers grant and bonus for new homes. This means that as of 1 July 2011 the first home buyer of an established home with a value of under $600,000 will be entitled to a 20 per cent cut to stamp duty and the $7,000 First Home Buyer Grant. On an existing home that costs the new buyer $400,000, the current stamp duty payable is $16,370. From 1 July that will drop by $2,890 to $13,480. In addition, the first home buyer will still be entitled to the state’s $7,000 grant. Buyers of a newly constructed home in metropolitan Melbourne will retain an entitlement to the bonus worth $13,000 and those buying a new home in regional Victoria will retain their entitlement to a total of $20,500. For further information regarding stamp duty changes and first home buyers grants and bonuses, check the State Revenue Office website at www.sro.vic.gov.au. Craig J. Stephens Managing Director / Officer in Effective Control M 0418 547 938
As a service to our vendors, we will require names & phone numbers on entry of all inspections. Privacy Act 2000: We use personal information collected from you during open for inspections for security purposes. We may also use that information to contact you with respect to this property and others we believe may be of interest to you. Also, we may contact you in relation to other services provided by us or our associates such as insurance, mortgages and loans. By providing your information to us you agree to our use of it as described above unless you advise us differently. If the information is not provided we may not be able to provide an effective and comprehensive service to you. (Your personal information will be collected and held in accordance with provisions of the Information Privacy Act 2000). We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. We strongly recommend that you clearly register your interest with our representative at the open for inspection, so that in the event of a sale being imminent, your position is protected. We make every effort to contact all interested parties prior to a property being sold.
MEET THE TEAM
MAREE CECCHIN
ANNA GRECH
ASTRID JANE
ALAN STEPHENS
REECE GOSSTRAY
Sales Trust Administrator
Senior Sales Consultant
Sales Consultant
Chairman
Phone 9316 9025
Mobile 0438 446 051
Mobile 0402 211 660
Mobile 0411 242 638
Project Sales Manager – Banbury Village
Email salessec@jasstephens.com.au
Email agrech@jasstephens.com.au
Email ajane@jasstephens.com.au
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MARK HUTCHESON
NICOLE GRECH
LACHLAN McCRAW
RACHEL WHITE
MAX WALLER
Sales Consultant
Marketing Manager
Mobile 0448 820 445
Mobile 0423 590 508
Business Development Manager (Property Management) - City of Maribyrnong
Business Development Manager (Property Management) - City of Hobsons Bay
Director Provincial Home Loans
Email mhutcheson@jasstephens.com.au
Email ngrech@jasstephens.com.au
Mobile 0400 335 498
Mobile 0431 597 601
Email lmccraw@jasstephens.com.au
Email rwhite@jasstephens.com.au
Mobile 0418 378 276 Email rgosstray@jasstephens.com.au
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