Victorian Government To Extend The Temporary Off-The-Plan Duty Concession

As part of the 2025–2026 Victorian State Budget announced on 20 May 2025, the Victorian government has confirmed that it intends to extend the availability of an expanded off-the-plan stamp duty concession for a further 12-month period.

Under the expanded concession regime, purchasers are able to apply a duty concession to the purchase of apartments and townhouses (other than detached dwellings) off the plan. Prior to the temporary expansion being introduced in October 2024, which was legislated to apply for a 12-month period, purchasers were only eligible for the concession where they were buying their principal place of residence and the dutiable value was below a prescribed threshold. Under the expanded regime, the concession is available to all purchasers, including investors and foreign buyers (although the foreign additional duty regime continues to apply).