HOME BUYER BENEFITS FROM 01.01.2013

FIRST HOME OWNER’S GRANT (FHOG)

$7,000 for established properties priced up to $750,000

First Home Buyers must occupy the home within 12 months and live there for at least 6 months

STAMP  DUTY  BENEFITS

There are 2 stamp duty concessions currently available in Victoria:

  1. Principal Place of Residence (PPR) discount : available for ANY owner-occupier who will live in the property for at least 12 months. Maximum price $550,000. Maximum stamp duty discount $3,100
  2. 30% First Home Buyer stamp duty discount : buyers MUST be eligible for the FHOG and be settling the purchase on or after  01.01.2013.  Purchase price must not exceed $600,000

First Home Buyers can receive BOTH of these duty discounts if buying for less than $550,000 in Victoria

Example: Purchase price $500,000 (owner-occupied residence)        

Normal stamp duty

$25,070

PPR discount

3,100

=

Net duty

21,970

30% FHB discount

6,591

=

Balance payable

$15,379

STATE REVENUE OFFICE  APPLICATION FORM  (Form 53B)

Both of the above stamp duty discounts can be applied for by completing the SRO Form 53B. Your solicitor or conveyancer can complete this form for you. If you are applying for the 30% First Home Buyer discount, you MUST be eligible for the FHOG.  On Part 7 of the form, you must include the FHOG  Unique Identification Number (UIN). Without the UIN, you cannot receive the 30% FHB discount.

FURTHER ENQUIRIES

Contact Victorian State Revenue Office telephone hotline   13 21 61

What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA

 

LENDING UPDATE 14.06.19

  • LIVING EXPENSES ARE NOW A KEY ISSUE
  • COMPREHENSIVE CREDIT REPORTING NOW IN EFFECT
  • INVESTMENT LOANS AT OWNER-OCCUPIER INTEREST RATES
  • REVERSE MORTGAGE LOANS FOR SENIORS OVER 60
READ MORE

Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans