Everything you need to know about property-buying initiatives



The REIV’s free Homebuyer's Seminar in April this year will be dealing with everything you should know about the Victorian government’s new property-buying initiatives.

The free event, held on Wednesday 19 April from 6pm – 8pm at the State Library of Victoria will provide information on all aspects of the property buying process, including an overview of the current market.

Attendees will hear from experts from Bendigo Bank and prominent property law firm Parke Lawyers on home finance, pre-approvals and contracts of sale.

It was recently announced that as of 1 July 2017 first home buyers in Victoria will no longer pay stamp duty on properties under $600,000 in an effort to improve access to the housing market for first home buyers.

The new HomesVic program will also begin this year, and will allow 400 people the chance to co-purchase a dwelling with the government who will then retain an equity share of up to 25 per cent, while still reducing the deposit required from the buyer.

This $50 million program is aimed at couples earning up to $95,000 and singles earning up to $75,000.

“The free seminar will assist first home buyers and investors in understanding the property market, the process of finding the right home for you as well as significant changes to price quoting legislation,” said REIV CEO Gil King.

Everything you need to know about property-buying initiatives
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