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When it comes to buying a property, first home buyers have to deal with a number of challenges. From saving a deposit to competing with other bidders at auction, there are many obstacles to overcome before you finally get that key in your hand. Fortunately, there are a few tips to help you navigate the process and make the best possible decision.Resource:

How do you say Conveyancer?

A good conveyancer will be transparent about their fees and services. They will also be thorough and meticulous, ensuring that nothing is overlooked or missed that could cause problems later on. In addition, a good conveyancer will have extensive local knowledge and expertise. This will allow them to better understand the unique aspects of the Melbourne property market and provide advice accordingly.

The cost of purchasing a property can be high, and there are often hidden costs that you may not be aware of. This can include stamp duty, transfer fees, and other costs related to the settlement process. The amount of these fees varies by state and region, as well as the dutiable value of the property.

If you are a first home buyer, you may be eligible for a variety of government incentives. For example, first home buyers who buy established property or vacant land valued at $600,000 or less in metropolitan Melbourne are exempt from stamp duty. Those who buy new or off the plan properties are eligible for a stamp duty reduction of up to $10,000 in metropolitan Melbourne and $20,000 in regional Victoria.


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