All Topics / Help Needed! / VIC Stamp Duty reduction/concessions

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  • Profile photo of AshAsh
    Join Date: 2015
    Post Count: 16

    Hi everyone,

    I have a couple of questions regarding whether I would be entitled to any stamp duty reductions for the purchase of my next property.

    My situation: currently own 1 property in Vic which has been an IP since day 1 so no stamp duty concessions were received. I still live with the folks in the family home.

    I’m looking at hopefully purchasing a 2nd property in Vic over the next few months. If this 2nd property was going to be my PPoR would I be entitled to either:
    1. First home buyer duty reduction (currently 50% but increasing to 100% from 1 July)
    2. Principle Place of Residence (PPR) concession

    Also interested to know why/why not I may/may not be entitled to any of the above.


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