Stamp Duty Rebate

In a bid to improve housing supply and affordability, the Western Australian Government further built on the states rebates for off the plan apartments back in May this year.&nbsp;

Conceived as part of the state’s largest budget, the new $50,000 rebate is in place for purchasers of off the plan apartments until the end of October 2023.&nbsp;

There is a sliding scale for concessions for a pre-construction contract entered into between 1 June 2022 and 24 October 2023.

Buyers will see 100 per cent of the duty paid by the WA Government if the property is&nbsp;valued at $500,000 or less, capped at a maximum of $50,000

There will be between 100 per cent and 50 per cent of the duty paid if the property is valued at more than $500,000 but less than $600,000.

Then from $600,000 plus, 50 per cent of the duty is paid, capped at a maximum of $50,000.

Western Australia Premier Mark McGowan said the budget measure was focused on lifting housing supply while addressing unaffordability.&nbsp;

[smartcode_project:default project_id=8516 project_image_fid=205534]

“The measures would create a pipeline of more affordable homes into the future, while also providing greater assistance to those seeking to purchase homes at the affordable end of the market, and aim to smooth the construction pipeline beyond the current boom in activity,” he said.&nbsp;

Stirling Capital's Cirque Duet has apartments that will see buyers pay $0 stamp duty. Prices start from $495,000 for the one-bedroom stock in the resort-inspired Mount Pleasant development.

Conceived as twin towers, Cirque Duet residences are connected above street level through an expansive podium of more than 3,000 sqm, housing the project's extensive amenity offering.&nbsp;

From a heated swimming pool to a children’s playground, Cirque Duet offers up some of the best Perth has to offer.

[smartcode_project:default project_id=8516 project_image_fid=191424]

The podium also features a spa and sauna, a gym, private dining rooms, cabanas, a cocktail bar, and barbecue facilities.&nbsp;

The amenity continues inside as well, with residents treated to a luxury cinema to watch all the latest blockbusters from the comfort of their own home, and a library.&nbsp;

Along the ground floor, the hotel-inspired lobbies also feature a concierge desk and access to a business centre and meeting room.&nbsp;

[smartcode_project_cta:default project_id=8516]

Soaring above the Canning River, Stirling Capital's Cirque Duet lends its hand to the Government’s stamp duty rebates, offering a selection of one, two and three-bedroom apartments. 

alisonwarters@gmail.com

Buyers pay cut-price stamp duty at Perth's Cirque Duet apartments in Mount Pleasant

Buyers could be set to save up to $34,000 on apartments in the contemporary new Perth apartment development, Bloom Residences, in the city's affluent suburb of Nedlands.

The Melbourne-based Blueways Group are developing Bloom Residences, with the local Aria Land acting as the development manager.

Every one of the 38, Hassell-designed one, two and three bed apartments fall in to the current Western Australia&nbsp;pre-construction rebate.

[smartcode_project:default project_id=93813 project_image_fid=178504]

The Western Australian State Budget offered a rebate of up to $50,000 of transfer duty for buyers who signed pre-construction contracts for a residential apartment in multi-tiered strata.

Originally due to expire in October 2021, the scheme has been extended to&nbsp;24 October 2023, at a reduced rate of 50 per cent (down from 75 per cent).

The scheme will operate for pre-construction contracts entered into between 23 October 2019 and 24 October 2023, capped at a maximum rebate of $50,000.

Buyers in Bloom would save $8,288&nbsp;on a&nbsp;$475,000, one-bedroom apartment,&nbsp;$17,677 on a&nbsp;two-bed plus multi-purpose room, priced from $859,000, and&nbsp;$33,925 on the large $1.49 million,&nbsp;three-bedroom apartments.

[smartcode_project:default project_id=93813 project_image_fid=178506]

Located on Broadway in Nedlands, each one, two and three bed design offers an open-plan layout, with premium finishes, stone benchtops and Miele appliances. Every apartment comes with its&nbsp;own balcony or terrace.

Featuring Swan River and city views, it is close to some of Perth's finest shops, cafes, bars and transport links. It is also within the catchment of some of Perth’s most prestigious primary schools, namely&nbsp;Nedlands Primary School and&nbsp;Loreto Nedlands Primary School.

Amenities include a residents-only gym, large purpose-built lounge space, communal dining areas, private landscaped communal gardens and more.

More than 30 per cent&nbsp;of the 38 apartments have already sold.

[smartcode_project:default project_id=93813 project_image_fid=178504]

Every one of the 38, Hassell-designed one, two and three bed apartments fall in to the current Western Australia pre-construction rebate

Stamp Duty Rebate

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