Victorian homebuyers plan to snap up second property with stage three tax break [Video]

Anikesh Sasmal and Swetalina Nayak are planning to buy their second home just months after their first as they race to beat a home price boom they believe is imminent.

The pair have barely settled their first-home purchase, but with news tax breaks will boost borrowing power they are on the hunt for an investment property to buy as soon as possible after July 1.

Ms Sasmal said they had always wanted to get into the property game, and now that they were going to benefit from a boost in their borrowing capacity, they didn’t want to wait too long.

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“Optimistically, we’d like to buy again in the next six months; that will give us enough runway for tax savings …