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From: Hiram Ng
Hi,
I just heard than on 30th July (37 days ago), the stamps duty act in Victoria changed.
Previously all purchasers who purchased off the plan only paid stamp duty on the land price or the value of what construction was up to.
Now I hear that only the FIRST purchaser from the developer gets this concession. All other buyers have to pay the full completed stamp duty.
This will cut out the flippers from the market and onsellers as it makes it a lot less attractive to the onsold buyer.
Has anyone else heard this?
Cheers
Hiram Ng
Hi,
I just heard than on 30th July (37 days ago), the stamps duty act in Victoria changed.
Previously all purchasers who purchased off the plan only paid stamp duty on the land price or the value of what construction was up to.
Now I hear that only the FIRST purchaser from the developer gets this concession. All other buyers have to pay the full completed stamp duty.
This will cut out the flippers from the market and onsellers as it makes it a lot less attractive to the onsold buyer.
Has anyone else heard this?
Cheers
Hiram Ng
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