The State Government of Victoria has announced that as from 1st July 2011, the stamp duty for first home buyers will be reduced by 20% for owner occupied property purchases up to $600,000.

The First Home Buyers Grant has also been extended to 30th June 2012, and applies to owner occupied property purchases up to $750,000.

If you are a first home buyer who is considering purchasing in the near future, please call our office as we will explain to you the ins and outs of buying your first home.