THE REIV has welcomed cuts to stamp duty for first home buyers, eligible pensioners and farmers announced in the 2011–12 Victorian Budget.
REIV CEO Enzo Raimondo said that first home buyers, farmers and pensioners had been looking forward to the cuts since they were promised in last November’s election and they would no doubt welcome the announcement and details in the budget.
“Those buying a new home will also benefit, as the bonus of $13,000 in the metropolitan area and $19,500 in regional areas will continue and now be boosted by the stamp duty cuts,” Mr Raimondo said.
“The commitment to help first home buying farmers will be welcomed in regional areas.
A copy of the REIV State Budget submission is available from www.reiv.com.au.
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