After the Victorian government adjusted the stamp duty, more than 62,000 first-time homebuyers in the state will save 1.3 billion yuan. Victoria’s Treasury Secretary Tim Pallas announced data on the past two years on July 17, saying the data proves that the state introduced a series of measures in 2017 to help people faster. Enter the real estate market. He said: “What we are seeing is that this policy is working. In fact, we have seen a 10% increase in first-time buyers in the Victorian market. The current number of first-time buyers is about the majority of buyers in the market. 22%. “29-year-old Sarah Amos is a real estate designer who has benefited from these changes. She said: “I am a first-time home buyer. My husband and I bought a townhouse in Craigieburn. It is expected to be completed in three months. I think this first home buyer subsidizes new homes. Let us have our own house one or two years in advance.” She said that the thousands of dollars saved this time just let them have money to prepare for the wedding.
Currently, the most popular areas for first-time buyers are Craigieburn, Donnybrook, Roxburgh Park, Kalkallo, Mickleham, Hoppers Crossing, Tarneit, and Truganina. At the time of the introduction of these reform measures, house prices are rising rapidly, so the government has increased billions of dollars in revenue. However, the real estate market has cooled recently, and many experts say that this is also a factor that helps first home buyers have access to the real estate market when investors are less active.