Purchasers who enter into an eligible off-the-plan apartment contract between 22 June 2017 and 30 September 2017 may be eligible to receive a $10 000 grant. The grant will be paid after settlement (generally around the time the stamp duty is paid by the purchaser).
To be eligible for the grant the contract must be entered into before construction of the apartment complex commences (this equates to stage 1 of the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923).
All other eligibility criteria applying to the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923 will also apply to the grant, including that the grant will not be available to foreign purchasers.
The First Home and Construction Grant Act 2000 will be amended to provide for the grant.
Further information in relation to the application process will be available shortly.
Telephone: (08) 8226 3750 or Free Call 1800 637 778 or or email: email@example.com