Save Thousands on Stamp duty.
Land only contract and house building contracts are becoming a popular option for astute real estate investors. Stamp duty on the transaction is assessed on the land contract value. So if you buy the land first at say $100 000 the Stamp Duty payable is only $2 295. Compare this with buying the house and land together for say $400 000 the stamp duty payable is $12 475. That’s a saving of over $10 000 as the separate building contract carries no stamp duty.
Investing in property this way has the following additional advantages:
1. Capital growth potential between date of contract and completion.
2. New properties are more attractive to tenants: Rent quicker for more.
3. New properties have a building warranty: No maintenance for that period.
4. New properties maximise tax depreciation allowances: Assists with your cash flow.
Our House and Land Packages are designed to be a hassle and stress free investment option to maximize your returns. We know the local market and what the housing demands are. We build to those requirements.