Will stamp duty changes mean more homebuyers buy off the plan?- Buyer Beware
Changes to stamp duty rates from the 1st of July, 2017 will impact the property market in my opinion. From that date forward home buyers are being tempted into the off the plan market by reductions in stamp duty payable that will not apply for investors. Investors will no longer benefit from reduced stamp duty […]
Buying new and off the plan
As a professional buyers agent, I regularly receive offers from local property developers and real estate agents for recently released new or off the plan properties. I recently received this offer via email and it provides a good example of the types of inducements that are used to encourage unsuspecting property buyers into a property […]
RBA sounds alarm over off-the-plan properties
The RBA sounds alarm over off-the-plan properties because of lenders minimizing their risk on this type of asset. “The Reserve Bank of Australia has warned that settlement risk on apartments purchased off-the-plan may have increased as a direct result of the stricter criteria that banks are now applying to investor housing loans. In its Financial […]