Sydney Stamp Duty Savings

Sydney now offers huge stamp duty savings when buying off plan property.  Following the NSW state governments June 2010 budget there is now zero stamp duty payable on off plan property when purchased at the pre construction phase and priced under $600,000 and a 25% saving of stamp duty when purchased new, but once construction has already begun.  So big stamp duty benefits are now available for Sydney property investors.

This is a similar policy to that in Victoria and as was the case in Victoria it has been brought in to encourage new developments.  The scheme is known as the NSW Home Builders Bonus and at this stage will run through until 30th June 2012.

Property purchased at the pre-construction stage
Zero stamp duty will apply for off the plan purchases worth up to $600,000. This only applies to residential property that has not yet begun construction. 
Normal stamp duty on a property of say $590,000 would be just over $22,000, so it’s a significant saving.

Property  currently under construction
Stamp duty will be cut by 25% for people buying a newly constructed home worth up to $600,000. This stamp duty cut applies to home purchases made at any time during the construction period, or at completion. This provides a potential stamp duty saving of up to just over $5,600.


View our current off plan Sydney Investment properties that are offerring huge stamp duty saving.

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