May 25, 2012
If you're in the market to buy an investment property - or even thinking about it, here is a great incentive to get you moving!
It's simple really - buy a property that is about to be built for less than $600,000, exchange before July 1, 2012 and you can save up to $22,000 on stamp duty.
House hunters and investors are expected to flood the new-apartment market in the next six weeks as buyers countdown to the end of the government's stamp duty exemptions for homes that haven't yet begun construction.
With savings of up to $22,000 for homes less than $600,000, many buyers will be keen to exchange contracts before the cutoff date for the NSW government's Home Builders Bonus on July 1.