Andrew from Vista Financial

Stamp duty abolished for off-the-plan city apartments

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    Another State budget initiative, stamp duty abolished on City off-plan apartments up to $500,000 !!!

     

    Info found in this document - http://servicesa.cdn.on.net/documents/stamp_duty_abolished_for_off-the-plan_city_apartments.pdf

     

     

    This is an example taken from the document for First Home Owners (although the concession is not exclusive to first home buyers):

     

    First Home Buyers in the city: May 31, 2012 – June 30, 2013:

     

    State Government’s FHBG $8000 (Eligible only for properties valued at $400,000 or less)

     

    First Home Owners Grant $7000

     

    Stamp Duty Savings $16,330 (Based on off-the-plan apartment valued at $400,000)

     

    Total Savings $31,330

     

    Regards

     

    Andy

    Edited by Andrew from Vista Financial

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