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VIC 2020/21 State Budget - Property & infrastructure

25/11/2020

Key Takeaways Property $6bn Big Housing Build package 12,200 new social and affordable homes $111m to implement planning reforms and reduce red tape to fast-track new projects Stamp duty waiver of 50% on new residential property transactions of up to $1m (worth up to $27,500) Stamp duty waiver of 25% on existing residential property transactions of up […]

VIC 2020/21 State Budget

25/11/2020

The Victorian Government has delivered its biggest ever spending budget designed to reinvigorate the economy and create Victorian jobs following the impact of COVID-19. Key Takeaways Projected deficit of $23.3bn this year. Net debt will reach $86.7bn in 2021 increasing to $154.8bn by 30 June 2024 The government has set the goal of creating an […]

NSW 2020/21 State Budget

18/11/2020

The NSW Government has tabled a 2020-21 State Budget which is very much focused on job creation and the improvement of government services, whilst continuing to keep people safe. Key Takeaways Projected deficit of $16bn (2019-20 deficit $6.9bn). Return to surplus by 2024-25 $29bn committed to economic support measures (including pre-budget measures) in response to the […]