Stamp duty discounts extended by a year, saving buyers thousands

Stamp duty discounts extended by a year, saving buyers thousands

Buyers of off-the-plan units, townhouses and apartments will have longer to claim stamp duty concessions as the Allan government seeks to fuel interest in new builds.

Stamp duty cuts for off-the-plan homes extended to October 2026

The Allan Labor Government has extended stamp duty concessions for off-the-plan properties in Victoria, pledging a further $61 million in the 2025–26 Budget to keep the policy running until October 2026. The move comes as part of a broader push to increase housing supply and bring more millennials into the market. Originally expanded in October 2024, the scheme allowed a wider group of buyers to benefit from reduced stamp duty when purchasing ne…