Save on stamp duty at Melbourne Square
- 30/03/2021
Melbourne’s homebuyer market has found itself in the middle of a once-in-a-generation opportunity to capitalise on a raft of purchaser incentives created by both the state government and developers to drive Victoria’s pandemic recovery.
In Victoria, arguably the most significant of the savings prospective purchasers can enjoy is a reduction in stamp duty by 50 per cent for both local owner-occupiers and foreign investors searching for a new home valued up to $1 million.
And record low interest rates (0.10 per cent) maintained by the Reserve Bank of Australia alongside these stamp duty concessions have ultimately created one of the plushest buying environments in Melbourne’s recent history.
But these phenomenal savings will not last forever, with Victorian Treasurer Tim Pallas confirming with Domain that the concessions will not be extended beyond the Thursday 1 July 2021 deadline.
When these savings are combined with purchaser incentives available through our Life & Style Edition apartments – which feature a specialist furnishing package from Coco Republic, advanced indoor wellness technology by Delos, whitegoods from Samsung and blinds from Lovelight – purchasers of a two-bedroom two-bathroom apartment valued at $700,000 can enjoy savings of as much as $77,500.
Supporting residents of Melbourne Square is a range of everyday amenity including a new full-line Woolworths supermarket and vibrant retail offering, 87-place childcare centre operated by Nido Early Schools, as well as a new 3,745 square metre public park.
Our growing precinct’s convenient Southbank location means it is also just a short walk from the city and surrounding cultural institutions like the Melbourne arts precinct and Royal Botanic Gardens.
To find out more about our range of apartment opportunities eligible for these once-in-a-generation savings for homebuyers, please call us on 1300 888 770 or book a private appointment via this link
