Victorian budget bails-out apartment developers The Victorian Budget has bailed-out apartment developers by: waving stamp duty on newly completed homes that have been unsold for a year or more; extending stamp duty concessions to new off-the-plan purchases worth up to $1 million from 1 July; and extending the 50% stamp duty discount on new homes in the Melbourne local government area that do not qualify for the full waiver. From There are 723 words left in this subscriber-only article. The changes mean that buyers of high-rise dog boxes will save up to $55,000 via stamp duty exceptions. Curiously, at the same time as it has forgone tax revenue on high-rise dog boxes, the Victorian Government has taxed job creation via a new $3 billion payroll tax levy to fund mental health: