Real estate price quotes for Victoria to cause confusion with new laws on the way

Confused about the conflicting terms that real estate agents use to quote the likely selling prices for properties? Then get set for the uncertainty to intensify – at least for the next few months. Many agents are adopting highly divergent approaches to quoting prices in the countdown period to the Victorian government’s introduction of new laws to clamp down on underquoting by agents. The most widely used terms include “offers above,” “price on application” or no price indication at all. […]

First Homeowner Grant to double in regional Victoria

FIRST homebuyers might want to think about moving to regional Victoria. Just days after Premier Daniel Andrews announced his plan to tackle affordability by unlocking 17 new suburbs in Melbourne, the government has doubled the First Home Owner Grant in regional Victoria. Commencing 1 July 2017, the grant will increase from $10,000 to $20,000 and is expected to help 6000 first home buyers in regional Victoria to build and live in their own community. “By doubling this grant, we’re giving […]

First home buyers in regional Victoria get a boost from state government

The state government will double the first home owners grant for regional Victoria in a bid to draw more young buyers into the regions and counter the capital’s housing affordability crisis. First home buyers building new homes in regional Victoria will be entitled to $20,000 as of July 1 this year, up from $10,000 for new homes valued up to $750,000. Treasurer Tim Pallas said he expected the new grant would increase buyer interest in regional cities like Ballarat and […]