Time is running out to save on stamp duty in NSW
Just a quick reminder that the opportunity to pay zero stamp duty on an off the plan property purchase will end on June 30th 2012.
So for those looking to add a Sydney Investment property to their portfolio, if you can act before the 30th then you can save yourself up to $22,490 in stamp duty. As an investment property, this huge reduction in purchasing costs will have a strong impact on the overall return on your property.
The NSW Building Bonus allows purchasers, both local and non residents who are buying property, either for investment purposes or as an owner occupier to pay zero stamp duty if you purchase an off plan property that has not yet begun construction. This government initiative is due to end on the 30th June 2012, so qualify purchasers need to fully exchange contracts by the 30th.
We currently have several projects that are available, that have not yet begun construction and that have apartments that are priced under $600,000.
We currently have the following properties that will qualify for zero stamp duty:
Off Plan Turramurra apartments
Plus Off plan Lane Cove and North Sydney apartments.
Please contact us if you would like any further details on any of these projects.