jas stephens magazine 9 february 2013
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Jas Stephens Magazine 9 February 2013TRANSCRIPT
9 February 2013
Victorian home buyers currently pay the highest stamp duty rates of any state in Australia. Therefore the real estate industry has welcomed thecommitmentbythenewCoalitionStateGovernmenttocutstampdutyforalleligiblefirsthome 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 followingyearofaCoalitiongovernment.Manyagree 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.
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 centcuttostampdutyandthe$7,000FirstHomeBuyerGrant.
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,checktheStateRevenueOfficewebsiteat www.sro.vic.gov.au.
CraigJ.Stephens ManagingDirector/OfficerinEffectiveControlM 0418 547 938
STATE GOVERNMENT’S PROMISE ON STAMP DUTY CUTS
MEET THE TEAM
MAREE CECCHIN Sales Trust Administrator
Phone 9316 9025
Email [email protected]
ANNA GRECHSenior Sales Consultant
Mobile 0438 446 051
Email [email protected]
ASTRID JANESales Consultant
Mobile 0402 211 660
Email [email protected]
REECE GOSSTRAYProject Sales Manager – Banbury Village
Mobile 0418 378 276
Email [email protected]
ALAN STEPHENSChairman
Mobile 0411 242 638
Email [email protected]
NICOLE GRECH Marketing Manager
Mobile 0423 590 508
Email [email protected]
LACHLAN McCRAWBusiness Development Manager (Property Management) - City of Maribyrnong
Mobile 0400 335 498
Email [email protected]
RACHEL WHITEBusiness Development Manager (Property Management) - City of Hobsons Bay
Mobile 0431 597 601
Email [email protected]
MAX WALLERDirector Provincial Home Loans
Mobile 0438 430 436
Email [email protected]
MARK HUTCHESON Sales Consultant
Mobile 0448 820 445
Email [email protected]
Yarraville 104 Somerville Road 9316 9000
Williamstown 1/66DouglasParade (CornerStevedoreStreet) 9393 1600
www.jasstephens.com.au
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.
Victorian home buyers currently pay the highest stamp duty rates of any state in Australia. Therefore the real estate industry has welcomed thecommitmentbythenewCoalitionStateGovernmenttocutstampdutyforalleligiblefirsthome 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 followingyearofaCoalitiongovernment.Manyagree 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.
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 centcuttostampdutyandthe$7,000FirstHomeBuyerGrant.
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,checktheStateRevenueOfficewebsiteat www.sro.vic.gov.au.
CraigJ.Stephens ManagingDirector/OfficerinEffectiveControlM 0418 547 938
STATE GOVERNMENT’S PROMISE ON STAMP DUTY CUTS
MEET THE TEAM
MAREE CECCHIN Sales Trust Administrator
Phone 9316 9025
Email [email protected]
ANNA GRECHSenior Sales Consultant
Mobile 0438 446 051
Email [email protected]
ASTRID JANESales Consultant
Mobile 0402 211 660
Email [email protected]
REECE GOSSTRAYProject Sales Manager – Banbury Village
Mobile 0418 378 276
Email [email protected]
ALAN STEPHENSChairman
Mobile 0411 242 638
Email [email protected]
NICOLE GRECH Marketing Manager
Mobile 0423 590 508
Email [email protected]
LACHLAN McCRAWBusiness Development Manager (Property Management) - City of Maribyrnong
Mobile 0400 335 498
Email [email protected]
RACHEL WHITEBusiness Development Manager (Property Management) - City of Hobsons Bay
Mobile 0431 597 601
Email [email protected]
MAX WALLERDirector Provincial Home Loans
Mobile 0438 430 436
Email [email protected]
MARK HUTCHESON Sales Consultant
Mobile 0448 820 445
Email [email protected]
Yarraville 104 Somerville Road 9316 9000
Williamstown 1/66DouglasParade (CornerStevedoreStreet) 9393 1600
www.jasstephens.com.au
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.
9 February 2013