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discounts.","text",[456],{"type":457,"attrs":458},"textStyle",{"color":459},"#000000",{"type":449,"attrs":461,"content":462},{"textAlign":376},[463,470],{"type":464,"attrs":465},"image",{"id":466,"alt":19,"src":467,"title":468,"source":19,"copyright":19,"meta_data":469},163486276922898,"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F224482\u002F2115x935\u002Feaab98ebb4\u002F2025melbournesales.jpg","Number of sales",{"alt":19,"title":468,"source":19,"copyright":19},{"text":471,"type":454,"marks":472},"Note: only including residential sales under $2m in 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Price","_table_head",{"_uid":580,"value":581,"component":578},"60e51eda-97e9-41f1-879b-f2d0dd09826a","Number of Sales","table","Table",{"_uid":585,"content":586,"component":477,"bottom_spacing":478},"cfb6b671-3d3e-4973-a3ff-a8d1a54afdcd",{"type":446,"content":587},[588,595,604,618,636,649,657,665,670],{"type":589,"attrs":590,"content":592},"heading",{"level":591,"textAlign":376},5,[593],{"text":594,"type":454},"Clustering of sales shows the impact of first home buyer incentives ",{"type":449,"attrs":596,"content":597},{"textAlign":376},[598],{"text":599,"type":454,"marks":600},"New analysis from the REIV shows the $600,000 threshold is now shaping buyer behaviour and concentrating demand, with only around 23 per cent of Melbourne sales falling under the cap.",[601],{"type":457,"attrs":602},{"color":603},"#000000E6",{"type":449,"attrs":605,"content":606},{"textAlign":376},[607,612,614,616],{"text":608,"type":454,"marks":609},"The most common sold price in Melbourne over 2025 was $600,000, a number that aligns perfectly with the first home buyer stamp duty discount threshold. ",[610],{"type":457,"attrs":611},{"color":19},{"text":613,"type":454},"If you are a first home buyer, you can claim an exemption or concession from land transfer (stamp) duty if you meet certain criteria.",{"type":615},"hard_break",{"text":617,"type":454},"If you buy a Victorian home with a dutiable value:",{"type":619,"content":620},"bullet_list",[621,629],{"type":622,"content":623},"list_item",[624],{"type":449,"attrs":625,"content":626},{"textAlign":376},[627],{"text":628,"type":454},"up to $600,000, you pay no duty",{"type":622,"content":630},[631],{"type":449,"attrs":632,"content":633},{"textAlign":376},[634],{"text":635,"type":454},"$600,001 to $750,000, you pay a reduced amount of duty.",{"type":449,"attrs":637,"content":638},{"textAlign":376},[639,641],{"text":640,"type":454},"The property can be a new or established home, or vacant land intended for building your first home. ",{"text":642,"type":454,"marks":643},"Find out more",[644],{"type":645,"attrs":646},"link",{"href":647,"uuid":376,"anchor":376,"target":648,"linktype":46},"https:\u002F\u002Fwww.sro.vic.gov.au\u002Fbuying-property\u002Fland-transfer-stamp-duty\u002Fconcessions-exemptions-and-waivers\u002Ffirst-home-buyers\u002Ffirst-home-buyer-duty-exemption-or-concession","_blank",{"type":449,"attrs":650,"content":651},{"textAlign":376},[652],{"text":653,"type":454,"marks":654},"The analysis shows, the number of transactions at the price point of $550,000 are almost half the most frequent sale price and also significantly less than the number of homes sold for $650,000. Potentially, the stamp duty exemptions for properties up to $600,000 create a concentration of demand pushing prices for some types of homes up to the cap. On the other hand, buyers may also seek to maximise value by extending budgets to $600,000 while taking advantage of the stamp duty exemptions.",[655],{"type":457,"attrs":656},{"color":19},{"type":449,"attrs":658,"content":659},{"textAlign":376},[660],{"text":661,"type":454,"marks":662},"REIV CEO Toby Balazs has called for a significant review of Victoria’s first-home buyer stamp duty concession caps, warning they are no longer aligned with current market conditions. The REIV is urging a review to better reflect today’s prices and ease pressure on entry-level housing.",[663],{"type":457,"attrs":664},{"color":603},{"type":449,"attrs":666,"content":667},{"textAlign":376},[668],{"text":669,"type":454},"REIV members have access to market analysis and insights, click below for access to all member resources.",{"type":449,"attrs":671,"content":672},{"textAlign":376},[673],{"text":131,"type":454,"marks":674},[675,678],{"type":645,"attrs":676},{"href":677,"uuid":128,"anchor":376,"target":648,"linktype":20},"\u002Fmarket-insights\u002Fmember-resources\u002F",{"type":679,"attrs":680},"styled",{"class":681},"button button--solid","A Quick Analysis of 2025 sales in Melbourne",{"id":376,"alt":376,"name":19,"focus":376,"title":376,"source":376,"filename":19,"copyright":376,"fieldtype":370,"meta_data":684},{},"NewsDetail",[],"a-quick-analysis-of-2025-sales-in-melbourne","our-industry\u002Fnews\u002Fa-quick-analysis-of-2025-sales-in-melbourne",-8950,376271414,"51c9458b-fc36-407a-b41f-a7e4cf2c755e","2026-04-07T22:00:00.000Z",[],[],[]]