Affordability key to renting

Bendigo Weekly | Bendigo Weekly | 24-Nov-2017

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The state government says it is making renting fair, housing more affordable and ensuring houses are available for Victorians who need a home – not just another investment property. 

Premier Daniel Andrews said the government’s Homes for Victorians package had already helped thousands of people take advantage of generous stamp duty reductions to purchase their first home. 

New data shows that more than 5000 first home buyers have paid no stamp duty since reforms came into force on July 1, with another 1000 paying reduced stamp duty. 

The government has also introduced a package of reforms that gives tenants more rights, allow for longer leases, make bonds smaller and fairer, and crack down on dodgy landlords. 

As of January 1, a Vacant Residential Property Tax will be levied on dwellings that are empty for more than six months in a calendar year – encouraging people to sell them or rent them so they’re available for Victorians who need a home – not another investment property. 

Mr Andrews said the government was making renting fair, slashing stamp duty and giving those struggling to save for their first home a helping hand.

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