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Victorian State Budget 2025-26: Off-the-plan concession extended

The temporary expansion of the off-the-plan duty concession, initially designed to cease from 21 October 2025, is to extend for another 12 months. What is changing?  The off-the-plan duty concession was expanded last year for property contracts entered into between 21 October 2024 and 20 October 2025. The expansion was originally designed to last for 12 months, and […]

Victorian State Budget 2025-26: In brief

In her first term as Victorian Treasurer, Jaclyn Symes has handed down a Budget which provides targeted cost of living relief, but fails to address the increasing costs of doing business in Victoria or provide any relief from the significant tax burden that is now borne by residents – particularly property owners, investors and developers. […]

New levy for short stay properties in Victoria

From January 1, 2025, there will be a new levy (sometimes referred to as the ‘Airbnb tax’) applicable to short stay accommodation in Victoria. Owners, residential tenants and providers of booking platforms may be liable for the levy. The levy applies to total booking fees for short stays, whether bookings are made on a booking […]

Extended off-the-plan concession is a good step but certainty is the key

Key points: The stamp duty concession for off-the-plan properties in Victoria extended to investors and the price cap removed for all buyers Barriers to bringing projects to market still need to be addressed Early investor engagement is crucial to the development process The announcement that the stamp duty concession for off-the-plan properties in Victoria has […]

Off-the-plan duty concession temporarily expanded

‍The Duties Amendment (More Homes) Bill 2024 (Vic) is now before the Victorian Parliament. The Bill temporarily expands the stamp duty concession for off-the-plan purchases, which allows more purchasers (including investors) to access significant stamp duty savings. What is the bill about? On 29 October 2024, the Duties Amendment (More Homes) Bill 2024 (Vic) (“the […]

Levi Holdsworth

Levi Holdsworth takes immense pride in his role at Pitcher Partners, where he is dedicated to serving the middle market with a personal touch. With 15 years of industry experience, he specializes in high-net-worth individuals, family offices, small to medium-sized businesses, property development, construction, hospitality, and entrepreneurial start-ups. Bringing a unique perspective as the son […]

Strong performance for SA points to need to sustain inbound interest

After a slow post-pandemic recovery, South Australia has surged to be Australia’s best performing State, writes Andrew Beitz, but capitalising on that position will mean investment and an injection of skills. Fifteen years is a long time to wait, but in January South Australia finally made it — for the first time securing the top spot […]

Snapshot of 2024-25 State & Territory Budget changes and other updates

With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25. The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25. The Budgets contain announcements regarding changes […]

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