21/05/2026
The Victorian Budget has quietly extended one of the most significant incentives for off-the-plan buyers, pushing the current concession out to 21 April 2027.
For buyers in apartments and townhouses, this shift can materially change the entry point into the market. In some cases, the difference is tens of thousands in stamp duty. In others, it can reduce it to almost nothing.
But the detail matters.
Eligibility extends beyond first home buyers including investors, owner-occupiers, companies and trusts. The structure of the purchase, timing, and stage of construction all directly influence the outcome.
And while the concession has been extended, it’s still pending legislation. Meaning timing and awareness remain critical.
For buyers considering Geelong off-the-plan opportunities, understanding how this works isn’t optional, it’s strategic.
We’ve broken it down in the carousel.
