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Victorian Apartment, Unit and Townhouse Buyers to Get Stamp Duty Concession When They Buy off-The-Plan

dairy-coffee 10/21/2024 Home & Garden

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Vic government must be getting desperate to restart unit and apartment builds.

More than happy to buy an apartment in Brighton, lease it to “lower class” people to annoy the pearl clutchers there.

The state government is reducing stamp duty for units, apartments and townhouses bought off-the-plan.

The concession allows construction costs to be deducted from the sale price of the dwelling when calculating the stamp duty owed on the transaction.

A discount was already available for first home buyers and owner occupiers, but for the next 12 months will be available to all buyers and to eligible dwellings at any price.