Watch this simple video to understand the four simple steps of buying property off the plan. This is the third of a video series covering the essentials of what is involved in buying property off the plan.

These videos will help you get a jump on other property buyers and investors, and learn how to save thousands of dollars in the process.

The full series of videos cover:

1. What is buying property off the plan?
2. Some of the risks in buying property off the plan
3. The four simple steps to buying property off the plan
4. Financial considerations and deposits
5. Buying in a multi-unit development and inclusions lists
6. How to make stamp duty savings
7. Understanding owners corporations.

Watch the video now.

Progress continues with preparation for the construction of new townhouses at Paperbark Place in Mooroolbark. The old house and vegetation has been cleared in readiness for construction to commence.

The architect designed townhouses have been popular with home buyers with more than half the properties already sold. People have been keen to snap up hot property so close to the Mooroolbark town centre and train station.

A small number of two bedroom townhouses are available, though you should act quickly as they will not last long.

All that Mooroolbark has to offer

Everything you could want is an easy stroll or short drive away, including Mooroolbark train station, shops and cafes, gym, swimming pool, parks, golf courses, sports clubs, Maroondah and Ringwood hospitals, doctors’ clinics and health centres, kindergartens, primary and secondary schools, a Swinburne University campus in Croydon, and transport links like Eastlink and the Maroondah highway.

Investors will be pleased with the current low vacancy rates, healthy rental yields and surging capital growth in the area.

Home prices in the Mooroolbark are booming and value like this will be hard to find, and coupled with stamp duty savings you could get a jump on the rising market.

Forget about stressful auctions, or renovators dreams, act fast and be the first person to collect the keys on this beautiful home. You’ll love it.

Act fast so you can take advantage of stamp duty savings before construction starts.

Contact Jason Bertram from Max Brown Croydon on 0422 316 927 to discuss the two bedroom properties still avaliable.

Property buyers looking for a dash of style and charm, plus extra value, will be excited by the special deal being offered by Fast Love Homes for townhouses in Mooroolbark until the end of July 2015.

Smart buyers who snap up one of the tremendous value townhouses available at Paperbark Place in Mooroolbark, will  enjoy the bonus extras being thrown in including a large split system, ducted vacuum, alarm system and audio doorbell all worth more than $5,000.

Imagine opening the door to your brand new home, kicking back in your beautiful lounge, enjoying a drink on your north-facing terrace and whipping up delightful meals in your stylish kitchen.

2 Bedroom Townhouse in Mooroolbark

If you are looking for a 2 bedroom townhouse with secure garage and close to the shops, train and everything you could need, then check out this delightful property. Including 2 bathrooms you could share with a friend and get started on the property ladder.

Watch the video below to see more about this 2 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119853953

3 Bedroom Townhouse in Mooroolbark

If you need some extra space then our wonderful 3 bedroom property might be just the ticket. With 3 large bedrooms, plus a lovely sunny garden, you will be surprised at the value on offer.

Watch the video below to see more about this 3 bedroom townhouse in Mooroolbark.

Check it out here: http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119842541

Act fast so you can take advantage of stamp duty savings before construction starts in August.

We have released a two bedroom, two bathroom, single car garage townhouse in central Mooroolbark.If your idea of a home is a standard little unit in the suburbs then this one is probably not for you.

However, if you want a place to be proud of, a place you can show off to your friends and a home that just makes you feel good when you walk in the door then this gem is made for you. Take a closer look and we’re sure you’ll love what this bold and exciting standout new address offers.

There is aclever floor plan, which sprawls over two levels with a basement car park. And inside, you enjoymultiple living areas in a two-bedroom home. You have option to hang out in thekitchen/dining area or in the living area that opens to a north-facing terrace.

The townhouse enjoys fine inclusions such as frameless shower screens with polished chrome finish and the efficiency of brand new stainless steel appliances, including dishwasher.

Mooroolbark is on the move

Mooroolbark is one of those places that has seen exceptional growth over the last decade. Cafes have opened, schools have matured and gained academic excellence and it has become a great place to live.

There’s the added bonus of extensive stamp duty savings at this point of the sale and you have the opportunity to purchase at today’s prices for tomorrow’s home.

With quality, location and hip inner city style why wouldn’t you want to call straight away and find out more? Contact David Stewart from Market Share Property on0438 590 157 or check out http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119853953

Our recently released three bedroom, 2 bathroom townhouse in Mooroolbark ticks all the boxes for smart property investors looking to add a quality property to their portfolio.

Here is an opportunity to beat the rising market in an area with:

– strong capital growth of 9.5% over the past year
– rental vacancy rates are below 1%
– good rental yields around 5%
– and current expected rental return of $400-420 per week.

Save more than $20,000

Buying early and off the plan means there is no stamp duty costs, so a massive saving of more than $20,000. Plus you also have the opportunity for capital growth before settlement.

There is also the benefit of capitalising on the full depreciation schedule of a new property.

You could buy this in your self-managed super fund and watch it grow your asset base.

The townhouse is close to transport and shops, and will appeal to a broad range of renters – from retirees with grand kids that may stay over, families and house sharers.

Close to all the local amenities

Everything you could want is an easy stroll or short drive away, including Mooroolbark train station, shops and cafes, gym, swimming pool, parks, golf courses, sports clubs, Maroondah and Ringwood hospitals, doctors’ clinics and health centres, kindergartens, primary and secondary schools, a Swinburne University campus in Croydon, and transport links like Eastlink and the Maroondah highway.

This one ticks all the boxes.

Run it through your calculator now and act quick to add this to your portfolio.

Contact Tony Smith at Max Brown Real Estate on 0411 424 964 or email tonys@maxbrown.com.au

See our full listing here http://www.realestate.com.au/property-townhouse-vic-mooroolbark-119603499

Stamp duty is basically a tax on your property purchase and is often the biggest cost of buying a home. However, clever property buyers know that many state and territory governments offer stamp duty savings or concessions for some properties including off the plan homes. Generous grants are also available to first home buyers to help them cover the costs of buying a new property.

Stamp duty savings

You can often make substantial stamp duty savings if you buy off the plan. Some state governments in Australia offer bonuses and reductions or have reduced stamp duty to encourage new development. In Victoria, the full rate of stamp duty applies on fully built homes, however you can receive generous concessions when you buy off the plan. The further along the construction of the property the less the stamp duty savings you get.

Avoiding stamp duty

The simple reason that you get a stamp duty saving for off the plan sales is because at the time you enter into the contract the stamp duty is based on the value of the land and not the property (as the house is not built yet).

For example if you buy a $400,000 home in Victoria off the plan (before construction starts) you will be entitled to approximately $16,000 in stamp duty savings. Once construction starts you can then claim a percentage of the stamp duty savings depending on what stage of the construction you enter the sales contract.

According to the State Revenue Office of Victoria typically, for single storey developments, the following indicates the percentage of construction at the various stages:
– 15 per cent for base (slab/foundations etc)
– 30 per cent for frame
– 65 per cent for lock up
– 90 per cent for fixing
– 100 per cent for completion.

The exact amount of savings you make depends on the price you pay for your property as that is what it is calculated from. So to get the maximum savings you need to buy the property off the plan before construction has started.

The stamp duty concession is designed to help encourage new building activity and give home buyers a tax break.

First Home Owners Grant

In Victoria, if you entered a contract after 1 July 2013 to build or purchase a new home, a payment of up to $10,000 is available for eligible first home buyers.

The grant is designed to help buyers with the costs involved with buying a first home. The grant provides some financial support to help make it easier for people to buy their first home.

Coupled with stamp duty savings, first home buyers can get a great jump start into their first property, if they buy a home off the plan.

You can find out more about Victorian stamp duty savings and the First Home Owners Grant on the State Revenue Office website www.sro.vic.gov.au

Other stamp duty and concession links
• NSW – www.osr.nsw.gov.au
• QLD – www.osr.qld.gov.au
• SA – www.revenuesa.sa.gov.au
• TAS – www.treasury.tas.gov.au

Our latest property development in Mooroolbark is now on the market. If you are looking for a stunning two or three bedroom townhouse then this could be your next dream home.

Check the listing on realestate.com.au to find out more or check out fastlovehomes.com.au/paperbarkplace

Great savings are available if you get in early and avoid stamp duty. Call Tony Smith from Max Brown in Croydon on 0411 424 964 or 131 629.

Stamp duty is basically a tax on your property purchase and is often the biggest cost of buying a home. However, clever property buyers know that many state and territory governments offers stamp duty savings or concessions for some properties including off the plan units.

Avoiding stamp duty

The simple reason that you get a stamp duty saving for off the plan sales is because at the time you enter into the contract the stamp duty is based on the value of the land and not the property (as the house is not built yet).

If you buy a property after construction has started you will continue to get a percentage discount on the stamp duty
based on how much of the property is constructed.

According to the State Revenue Office of Victoria typically, for single storey developments, the following indicates the
percentage of construction at the various stages:
– 15 per cent for base (slab/foundations etc)
– 30 per cent for frame
– 65 per cent for lock up
– 90 per cent for fixing
– 100 per cent for completion.

So to get the maximum savings you need to buy the property off the plan before construction has started. The stamp duty concession is designed to help encourage new building activity and give home buyers a tax break.

The exact amount of savings you make depends on the price you pay for your property as that is what it is calculated from.

Saving $15,000 in stamp duty

For example if you paid $380,000 for an off the plan 2-bedroom property in Victoria you would be liable for around $15,000 in stamp duty. However, because you purchased the property off the plan you are only paying duty for the land value not the value of the property. This means you won’t have to pay the $15,000+ tax. That is a great saving to make, and puts you $15,000 in front.

There may be some other fees and charges that you do not have to pay or get a discount on, so the savings may be even greater.

Stamp duty saving is just one of the reasons smart property buyers look to buy new properties off the plan. You can find out more tips and information about buying property off the plan in our simple guide to buying property off the plan.

A series of videos also explains what is involved with buying real estate off the plan.

Stamp duty and concession links

• NSW – www.osr.nsw.gov.au
• QLD – www.osr.qld.gov.au
• SA – www.revenuesa.sa.gov.au
• TAS – www.treasury.tas.gov.au
• Victoria – www.sro.vic.gov.au
• WA – www.dtf.wa.gov.au
• Foreign purchasers – www.firb.gov.au

A new series of short videos will help property buyers boost their confidence through a greater understanding of the essentials of what is involved with buying property off the plan.

The series called the Simple Guide to Buying Property Off the Plan will be a useful resource for people who want to understand more about this way of purchasing property.

If you watch these videos you will have a great understanding of what it means to buy property off the plan and how you can get a jump start on other property buyers.

The series covers:

1. What is buying property off the plan?
2. Some of the risks in buying property off the plan
3. The four simple steps to buying property off the plan
4. Financial considerations and deposits
5. Buying in a multi-unit development and inclusions lists
6. How to make stamp duty savings
7. Understanding owners corporations.

You can also review a report copy of the Simple Guide to Buying Property Off the Plan and the helpful Off the Plan Checklist to ensure you consider all the key points before signing a contract of sale.

Have you successfully bought property off the plan before, let us know by leaving a comment below.

Smart property buyers in Mooroolbark are saving upwards of $15,000 by taking advantage of stamp duty cuts for off the plan units.

Stamp duty is basically a tax on your property purchase and is often the biggest cost of buying a home. However, clever property buyers know that the Victorian government offers stamp duty savings or concessions for some properties including off the plan units.

How to not pay stamp duty

The simple reason that you get a stamp duty saving for off the plan sales is because at the time you enter into the contract the stamp duty is based on the value of the land and not the property (as the house is not built yet).

If you buy a property after construction has started you will continue to get a percentage discount on the stamp duty based on how much of the property is constructed.

According to the State Revenue Office typically, for single storey developments, the following indicates the percentage of construction at the various stages:

• 15 per cent for base (slab/foundations etc);
• 30 per cent for frame
• 65 per cent for lock up
• 90 per cent for fixing
• 100 per cent for completion.

So to get the maximum savings you need to buy the property off the plan before construction has started.

The stamp duty concession is designed to help encourage new building activity and give home buyers a tax break.

The exact amount of savings you make depends on the price you pay for your property as that is what it is calculated from.

Saving $15,000 in stamp duty

For example if you paid $380,000 for an off the plan 2-bed unit in Mooroolbark you would be liable for around $15,000 in stamp duty.  However, because you purchased the property off the plan you are only paying duty for the land value not the value of the property. This means you won’t have to pay the $15,000+ tax. That is a great saving to make, and puts you $15,000 in front.

There may be some other fees and charges that you do not have to pay or get a discount on, so the savings may be even greater.

Stamp duty saving is just one of the reasons smart property buyers look to buy new properties off the plan.

Have you ever enjoyed stamp duty savings from buying property off the plan?