Caydon offers up to $101,000 rebate for Home, Alphington apartment buyers
Buyers in the Home, Alphington apartment complex have been offered rebates up to $101,000.
The rebates on settlement ranged from $27,000 to $60,000 for two-bedroom units.
The rebates range from $51,000 to $101,000 for three-bedroom units in the 16-storey complex.
The two-bedroom apartments eligible for the grant are priced from $691,000 to $1.508 million while the three-bedroom homes are priced from $1.29 million to $2.548 million.
At its 2019 launch the prices for its two-bedroom offerings was $532,000 to $1.598 million and its three-bedroom layouts were priced from $1,120,000 to $2,615,500.
The initiative, dubbed the Caydon Home Grant, comes as the state government's 50 per cent stamp duty concession ends June 30.
All homebuyers were eligible for the new stamp duty discounts, but only until the end of the 2020-21 financial year.
The Victorian Government's stamp duty savings of 50% was across new builds and off-the-plan apartments valued up to one million dollars.
Caydon has sold just over 50 per cent of the 324 apartments.
Completion is scheduled for July next year for the development to be located at YarraBend, the site of the old Amcor paper mill.
Set at 626 Heidelberg Rd at the Chandler Highway corner, the 7470 sqm Home sits alongside Glenvill’s 14.5ha YarraBend precinct.
The Caydon Home Grant does not apply to its other projects such as Due North at 70-82 High Street, Preston.
The Caydon Home Grant – rebated by CP Alphington Development - is available from 28 June, 2021 until 30 September, 2021 on two and three-bedroom apartments and skyhomes in Home, Alphington.
A potential purchaser should seek independent legal advice and make their own enquiries in relation to this offer and before entering into a contract of sale, the Caydon website advises.
