It’s getting easier for people to build and own their first home in country Victoria, according to Member for Northern Victoria Jaclyn Symes.
As of July 1, 2017, the First Home Owner Grant — which applies to all newly constructed homes — was doubled in regional Victoria from $10000 to $20000.
In northern Victoria, the City of Wodonga (82) has led the charge, but both Mitchell Shire (35) and Strathbogie Shire (9) have also been active.
The increased grant is available to first home buyers building new homes valued up to $750000.
Ms Symes said the Victorian Government is helping families to stay in their home town and also providing incentives to attract people to move to country Victoria.
‘‘Labor’s initiative is giving first home buyers in Northern Victoria a chance to enter the property market and own their dream home in country Victoria,’’ she said.
The Victorian Government also abolished stamp duty for first home buyers purchasing new and existing homes up to $600000, and discounted stamp duty up to $750000.
In the six-month period between July 1 and December 31, 2017, more than 9700 first home buyers across the state paid no stamp duty, while another 2000 paid reduced stamp duty.
The grant will be applicable to contracts signed from now until June 30, 2020.