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Stamp duty slashed in Victoria's big housing budget

Stamp duty discounts, a planning revamp and a major building boost are on the horizon in Victoria, as the state government leans on the property sector to underpin the state’s economic recovery from COVID-19.

Melbourne property at sunrise
Victoria's property sector is set for a new dawn, with a range of initiatives in the state budget aimed at boosting investment. Photo: Shutterstock (Image source: Shutterstock.com)

Stamp duty discounts, a planning revamp and a major building boost are on the horizon in Victoria, as the state government leans on the property sector to underpin the state’s economic recovery from COVID-19.

Victorian Premier Daniel Andrews and Treasurer Tim Pallas unveiled a suite of measures in their state budget, aimed squarely at reviving an economy that took Australia’s hardest hit from the COVID-19 pandemic.

Highlighting Victoria’s 2020-…

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