Hi all,
My girlfriend and I have been looking at new (off the plan) apartments recently, with a view to putting a deposit down soon.
There seems to be a commonly held view that, when the state budget is announced in the coming days (2 pm on Thursday, I think), the existing stamp duty exemption, which is for the first $500k, is to be reduced to $400k.
Does anybody know if you enter a contract before the budget is released (i.e., by paying the 10% deposit to the developer and signing the contract) you will still be able to lock in the first $500k waiver?
Many thanks in advance.
Chris