Victoria rolls out stamp duty concessions for off-the-plan homes in bid to boost housing development

Premier announces stamp duty cut on off-the-plan apartments, townhouses and units purchased in next year

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Homebuyers in Victoria will save tens of thousands of dollars in stamp duty on off-the-plan apartments, townhouses and units bought in the next 12 months, under a state government initiative aimed at stimulating development.

The premier, Jacinta Allan, on Monday announced the policy, which came into effect immediately and was open to all buyers – including investors – for properties of any price point.