December 2024

The Albanese Government successfully passed over thirty pieces of legislation in the final sitting parliamentary week of the year. Below is a summary of the legislation that will be of interest to real estate professionals. The two central bills, the Treasury Laws Amendment (Build to Rent) Bill 2024 and the Help to Buy Bill 2023, are driven by institutional and government investment in the...

In October 2024, the Victorian Government announced a temporary off-the-plan stamp duty concession to cut upfront costs for buyers of properties under strata titles, including apartments and townhouses.  Effective from 21st October 2024 to 21st October 2025, the initiative aims to boost housing supply and homeownership by reducing stamp duty costs. The concession is currently...