Buying Off The Plan, Investment Property Melbourne, New Apartments Melbourne

Buying Off The Plan

In Victoria there are great advantages in buying off the plan. Victorians pay the highest stamp duty on property in the country. When buying off the plan you are only taxed on the land rather than the full purchase price, this leads to significant savings.

There are numerous other advantages also, these include:

Early selection of the best apartments.
No auctions and no missing out on your perfect apartment to a higher bidder.
Best way to buy a brand new apartment with views and floor plans that are perfect for you.
All fixed pricing.
Capital growth potential – buying at today’s prices with completion a few years away means you could get significant capital growth between purchase and settlement.
Longer settlements giving you more time to save to reduce lending.
Building warranties for your piece of mind.

For the investors as well as the above advantages:

Maximize depreciation benefits.
More attractive to tenants – shorter vacancy and higher rent return.
Get in early and get the best prices and maximize your return.