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Buying property "off the plan" - Department of Mines, Industry ...
WebJul 1, 2024 · Buying a home before any building works have started or have finished is commonly known as ‘buying off-the-plan’. When you buy off-the-plan, you may be eligible for the off-the-plan duty concession that can apply to contracts for: land and building packages lots in vertical developments (such as residential towers) lots in horizontal … WebBuying off-the-plan retirement village units. Retirement village units can be advertised for sale before building starts. Purchasing a unit before construction is complete is called ‘buying off the plan’. You may be able to reserve the unit of your choice and choose between different styles and levels of fixtures and fittings. Generally, a ... paracteroides
Simple Guide To Buying Off-Plan Property - Property Investment …
WebIf you buy a home off-the-plan, which you intend to use as your main residence, you can defer your transfer duty liability for up to12 months after you sign the agreement, or until the property is completed or handed over, whichever comes first. Surcharge Purchaser Duty WebOct 12, 2024 · 3) Get legal advice on contract documents — and make sure your lawyer knows what to check and examines the contract really closely. 4) Understand the rights and obligations associated with ... WebMay 27, 2024 · Buying “off-the-plan” can mean many things but generally involves signing a contract with a developer before the developer has obtained final approval to subdivide land that is being purchased or, in the case of a building, before building has commenced or been completed. shell oil exploration \u0026 production uk