Slater and Gordon cut conveyancing fees to Victorian FHBs facing grant deadline

Prominent Melbourne law firm Slater and Gordon has cut its conveyancing fees for Victorian first-home buyers rushing to buy an existing home before the $7,000 grant for existing homes ends on June 30.

The firm’s standard conveyancing fee is $695, meaning eligible first-home buyers will receive a $347.50 discount if they buy a home before July 1.

From July 1, the government will provide a $10,000 incentive but only for those first-home buyers purchasing a new home.

All first-home buyers can also access a 40% stamp duty discount.

Adam Zuchowski, a Melbourne-based lawyer with Slater & Gordon Conveyancing, predicted increased activity at the entry level of the property market.

“We have experienced a significant increase in conveyancing files since the [May 7] announcement was made,” he said.

Zuchowski said most first-home buyers were buying existing dwellings.

“Clearly there is a benefit for those first-home buyers who are able to negotiate a purchase prior to July 1 and I anticipate there will be a significant number of Victorians who will be wanting to take advantage of that,” he said.